1973 Oil Crisis

The year is 1945; you pull over at a gas station to pump some gas. Five dollars back then, did all the magic; they filled up your whole tank. With a full tank you could probably make a whole trip around the whole city. Gas back then was only eighteen cents per gallon, for us that seems unrealistic, but it happened. In the years of 1950 through 1970 gas prices remained almost the same by just raising by a few pennies. Not a drastic change at all. People still were able to fill up their tank with only five or six dollars. I would have loved to live in these good old times. In 1973, President Richard Nixon was in office and "The Oil Crisis of 1973" takes place. The oil crisis took place because the United States did not want to supply weapons and supplies to Israel during the Yom Kippur war, and The Organization of Arab …show more content…
Maybe Presidents can do little stuff to prevent these unfair prices, but maybe it doesn't benefit the economy. With gas prices at this level, people don't take the most out of their paycheck. People would like to have their dream car such as a Mustang or Corvette or even a Diesel truck, but with these unfair gas prices, you can go broke. In my opinion, oil companies are selling the gas at higher prices because soon oil will not be a present no more in Earth and these companies need to make the most out of their earnings. I'm against the rising of gas prices and gas prices should not be too high. When I'm old, I will not like having to probably pay 6 dollars for a gallon. This will affect the everyday people because their paycheck will be blown away in just one time of fueling gas. Today we spent more than 50 dollars trying to fill up our tank. What if 50 dollars is a raise someone worked hard to earn and it's just thrown away for gas? Hopefully in the future the problem of gas prices is addressed and resolved. The economy will get worse of gas continues to trend