Why did the prices of gasoline and oil increase in 1973?

*Because the irealis were defeated in the yom kippur War and arab nations needed more money to pay for the war.





*Because oil reserves were rumming low and the price of production increased.





*Becuase the organization of petroleum exporting countries (OPEC) was dissolved.





*OPEC placed the united states under an embargo after the U.S supported the israelis in the yom kippur war.Why did the prices of gasoline and oil increase in 1973?
OPEC placed the united states under an embargo after the U.S supported the israelis in the yom kippur war.Why did the prices of gasoline and oil increase in 1973?
the opec group cut the production, and sent our economy in a tailspin. that is when they found out how much power that they had on us.
The reason gas is going up, is because oil companies are greedy, and they will lie there asses off if they can make a profit
all the official answers are nonsense , I know a man who was at a Bilderberg meeting where it was talked about raising the price of gasoline on a Friday he of course thought this was nonsense , well come Monday he looked in the paper and saw that this was indeed true , he then called up someone at the meeting told him his shock and surprise and was never allowed back . The fact is powerful people control the price of gasoline , it has nothing to do with Arab countries .





Hopefully people will do a little reasearch into the Bilderberg meeting instead of just dismissing what I posted .
why am i soooo sexy?
OPEC was never dissolved, and now Venezuela is a member.





Since they had the world by the b**s they figured they would squeeze them and profit from it.
your last one is closest
The last, weighted for inflation it is still much cheaper now than it was then believe it or not.
Basically speaking... everything to do with American geopolitical agenda that goes awry for some but for the best for others inside the industry. It is quite a long story... Even the choice of answers giving by your teacher does not explain anything at all... Just politically correct answers there, not the reality!
actually its was beacause carter was the first demo (there hv been 2 now) president since the bushbunch oil people murdered JFK.


They even held (oct surprise) the iranian hastages until 1 min after raygun sworn.





the nx Demo pres they tried to character assassinate.





when will u people learn--this country belongs to the CIA/PENTAGON---Rightwing BUNCH?
OPEC placed the united states under an embargo after the U.S supported the israelis in the yom kippur war.
The latter. And what was the response to that? Our nationwide speed limit was reduced to 55. Troopers were everywhere to enforce it.Auto makers made smaller fuel efficient cars. Now prices are at a record. What is the response? Speed limits are up. Almost never do you see a ticket being written. SUVs are everywhere. The attitude now is, blame the government, oil companies, middle east, everyone except me. We hate the high prices, but nobody wants to sacrifice anything to lower them. And about September, when summer driving is up, the prices will again go down. THe American public will again forget all about it. Then next summer, about this time, they will go higher yet. It's going to happen every year until the public finally figure out that we have to give up a little. Drive a little slower. Take less trips. Don't take tha vacation. Sacrifice something. Only then will things change. But until then, enjoy your $4 gas.
#4





w/o US support there wouldn't be any Israel.
I dont know why not just in 1973 DIDNT U NOTICE THERE GOING HIGHER NOW!!@#$%

biore blackheads