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Oil embargo + 40: How far we've progressed in fuel economy

GasBuddy Blog -- Sometimes to fully appreciate where we're going, it's helpful to look back at where we were... That's what Angelo Young reports for the International Business Times.

Forty years ago Americans got a sour taste of Middle East geopolitics when oil-producing Arab countries used crude as a weapon against the United States for its support of Israel during the Yom Kippur War, proclaimed an oil embargo in the winter of 1973-74.

And as a result, the embargo forced crude oil prices to astronomical levels battering the global economy. And, it also woke up the U.S. and the rest of the world to its pattern of fuel consumption and served as a lasting catalyst for reduced usage and increased fuel economy.

Consider how far...


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Submitted Oct 24, 2013 By: PD
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honda0105
Champion Author Tallahassee

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Message Posted: Oct 26, 2013 12:01:57 AM

032: yea, and Europe rationed left and right. Though the car free Sundays were kinda interesting.
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032946
Champion Author Twin Cities

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Message Posted: Oct 25, 2013 10:27:16 AM

Old News! This was, as anyone old enough to remember, a farce! Oil tankers sat off the coast because all the on land storage tanks were full. Gas was being dumped in the desert because people weren't using it. It was just an excuse to jack up the price. I could purchase all the gas I wanted every time I fueled up during the whole time that this was going on. In fact, Super America advertized on TV here, "THERE IS NO SHORTAGE OF GAS AT SUPER AMERICA."
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JoeKR
Champion Author New Jersey

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Message Posted: Oct 25, 2013 10:22:11 AM

Institutional memory being what it is, (that is amnesia) I fear we haven't progressed very far at all!
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fillerupyeoww
Champion Author Columbus

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Message Posted: Oct 25, 2013 6:14:40 AM

They're mad because eons ago they ran the known world. Now they don't and they want it back.
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4064BORI
Champion Author Virginia Beach

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Message Posted: Oct 25, 2013 6:06:09 AM

Old.
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judgemobile
Champion Author Ohio

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Message Posted: Oct 25, 2013 6:05:06 AM

economic weapons are still being used against us by Bummer and his Socialist allies today
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Bxman
All-Star Author Richmond

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Message Posted: Oct 25, 2013 6:02:44 AM

Should we expect any less from the people who hate us or for that matter ANYONE who does not follow their edicts

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amisero
Champion Author Philadelphia

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Message Posted: Oct 25, 2013 6:02:15 AM

old
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JLSindy
Champion Author Cleveland

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Message Posted: Oct 25, 2013 6:02:13 AM

There was an urgency about renewable fuels then that dissapated when supplies increased with the higher prices......too bad they did not pursue it then!
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reb4
Champion Author Chicago

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Message Posted: Oct 25, 2013 6:01:39 AM

I remember when the embargo took.place and mostly the impact of it.

something we should be mindful of.
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racerdj
Champion Author Indianapolis

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Message Posted: Oct 25, 2013 6:01:03 AM

And at a great cost but worth it.
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DerTaubman
Champion Author Detroit

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Message Posted: Oct 25, 2013 5:59:22 AM

We've reduced our usage, and seen prices go through the roof.
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Petrock
Champion Author Lexington

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Message Posted: Oct 25, 2013 5:59:20 AM

And can you believe it? After 40 years we have not yet figured out how to work the Israelis and the Arabs to maintain a stable position in the area? As a country we just stick our collective heads into the sand and refuse to learn anything!
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Bonanza
Champion Author Boston

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Message Posted: Oct 25, 2013 5:59:08 AM

Yesterday's news
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Z06KY
Champion Author Louisville

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Message Posted: Oct 25, 2013 5:58:33 AM

Opec can eat the oil!
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Ferdman17
Champion Author Albany

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Message Posted: Oct 25, 2013 5:57:28 AM

Be nice to see OPEC fail
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bikechuck
Champion Author Indianapolis

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Message Posted: Oct 25, 2013 5:55:59 AM

Amazing how free enterprise works except when the government interferes with subsidies and give aways..
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LeeFree
Champion Author Pittsburgh

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Message Posted: Oct 25, 2013 5:54:47 AM

It created a distrust for the OPEC producers that still exists today.
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skanytank
Champion Author Kentucky

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Message Posted: Oct 25, 2013 5:54:08 AM

This article has little if anything to do with today's price of gasoline!!
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jppezz
Champion Author New Mexico

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Message Posted: Oct 25, 2013 5:52:48 AM

We don't need Arab oil just let them drill here.
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bassakwards007
Champion Author Orange County

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Message Posted: Oct 25, 2013 5:52:45 AM

Old news
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Zuman
Champion Author New York

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Message Posted: Oct 25, 2013 5:52:23 AM

SOS.
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gabisgram
Champion Author Michigan

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Message Posted: Oct 25, 2013 5:49:06 AM

Same story, different generation.
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Beau2140
Champion Author New York

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Message Posted: Oct 25, 2013 5:48:49 AM

Now we produce much of our own oil.
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ovillaone
Champion Author Dallas

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Message Posted: Oct 25, 2013 5:48:20 AM

keep moving forward
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djp071158
Champion Author Detroit

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Message Posted: Oct 25, 2013 5:47:51 AM

That was the firs recession of my lifetime. And most recessions ever since have been caused by OPEC raising prices overnight. Energy independence is the only way to remove their economic power over the rest of the world.
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Janetique
Champion Author Virginia Beach

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Message Posted: Oct 25, 2013 5:44:27 AM

Glad we're finally producing more of our own oil and gas.
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f4driver
Champion Author Maine

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Message Posted: Oct 25, 2013 5:39:49 AM

Old news.
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hockey_24
Champion Author KW

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Message Posted: Oct 25, 2013 5:39:40 AM

be nice to go domestic
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packards42
Champion Author Washington

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Message Posted: Oct 25, 2013 5:39:02 AM

cut Arab oil and see if we have even and odd gas rations yet again
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Alderaan
Champion Author Greenville

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Message Posted: Oct 25, 2013 5:38:58 AM

Now, instead of getting screwed by OPEC, we're getting screwed by our own producers.
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gravie314
Champion Author South Carolina

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Message Posted: Oct 25, 2013 5:38:29 AM

ok
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stevencr
Champion Author Ohio

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Message Posted: Oct 25, 2013 5:38:15 AM

In some ways, the world still didn't learn everything they could have from that embargo. OPEC still has too much influence.
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Stevedog
Champion Author Michigan

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Message Posted: Oct 25, 2013 5:36:10 AM

History 101
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mrjames1818
Champion Author New Jersey

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Message Posted: Oct 25, 2013 5:34:58 AM

So now it isn't OPEC controling prices - it's the oil companies and refineries manipulatings prices by raising or lowering production - same problem just different people
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ReadyWriter
Champion Author Columbus

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Message Posted: Oct 25, 2013 5:34:39 AM

Gotta add here--if we in THIS country began an oil embargo to all the nations WE send it to, we might have the blessing of lower fuel prices in exchange. Probably too much of a risk of loss of international relationships and friendships, though. And, likely money in the politicians' pockets.
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ReadyWriter
Champion Author Columbus

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Message Posted: Oct 25, 2013 5:33:07 AM

The new form of oil embargo now rests in the hands of speculators and investors who set the price high so we pay it in gasoline. Seems like lately they are losing ground a little with price FINALLY below $100 a barrel. How long that will last is anyone's guess, but we can bet they won't take the loss for long without finding some way to gouge us again.
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AvantiMick
Champion Author Indiana

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Message Posted: Oct 25, 2013 5:30:52 AM

Now we need an embargo on the price of gasoline!!
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epf
Champion Author Grand Rapids

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Message Posted: Oct 25, 2013 5:29:23 AM

We have indeed come a long way "Baby"
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Foxt
Champion Author Minnesota

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Message Posted: Oct 25, 2013 5:27:38 AM

We've progressed Quite far but the price of the gas progressed ten fold.
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SavingInNC
Champion Author North Carolina

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Message Posted: Oct 25, 2013 5:27:03 AM

Okay
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StrangeLuv
Champion Author Kansas City

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Message Posted: Oct 25, 2013 5:26:52 AM

Interesting.
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kirzon484
Champion Author Atlanta

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Message Posted: Oct 25, 2013 5:25:07 AM

how slow we are to react to our weakness
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mike1881
Champion Author Fayetteville

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Message Posted: Oct 25, 2013 5:23:39 AM

ok
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N5EXY
Champion Author Austin

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Message Posted: Oct 25, 2013 5:23:30 AM

Unctuous.
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Tru2psu2
Champion Author Winston-Salem

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Message Posted: Oct 25, 2013 5:23:03 AM

good
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Bill100
Champion Author Grand Rapids

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Message Posted: Oct 25, 2013 5:21:03 AM

We have learned from this. Our government just does not care enough about us to remedy the situation.
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1fulltank
Champion Author Buffalo

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Message Posted: Oct 25, 2013 5:20:46 AM

There have been great strides in freeing ourselves from OPEC dependence, even if it's now slavery to domestic masters.
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ncclyde
Champion Author Charlotte

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Message Posted: Oct 25, 2013 5:20:45 AM

the mpg of a small car hasn't changed much at all in the past 30 years.
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74celica
Champion Author Columbus

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Message Posted: Oct 25, 2013 5:17:07 AM

and we are still paying for it
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