September 17, 2003

1974 Trivia: Feeling Gassy

Gas prices skyrocketed in 1974. There were high prices and low supplies, and yet the oil companies averaged 90% profit increases during the first half of the year. Hmm.

This was also the year that saw the federal speed limit set at 55 mph. It was meant to conserve gas as well as improve highway safety.

Posted by Jennifer at September 17, 2003 02:38 AM