Old, what country were you living in in 1974 where you could buy gas for less than 20 cents a gallon? It sure wasn't the US.
For the record, 1974-1975 wasn't a period where gas prices went up significantly. The first big jump was in '73 due to the oil embargo. (Yes, there really WAS an OPEC oil embargo in 1973, it wasn't a "hoax". The embargo was triggered by US support for Israel in the '73 Yom Kippur war.) The next big spike occurred in 1979, triggered by the Iranian revolution.
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Today's Featured Article - Good As New - by Bill Goodwin. In the summer of 1995, my father, Russ Goodwin, and I acquired the 1945 Farmall B that my grandfather used as an overseer on a farm in Waynesboro, Georgia. After my grandfather’s death in 1955, J.P. Rollins, son of the landowner, used the tractor. In the winter 1985, while in his possession the engine block cracked and was unrepairable. He had told my father
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