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40 Years After OPEC Oil Embargo Has the Problem Been Solved?
2013-10-21 20:33:14| AutomotiveDigest.com - Automotive Industry News
October 17, 2013, saw the 40th anniversary of the OPEC oil embargo. The days of 25 cents per gallon gasoline were over and the coming years would see desperate attempts to solve the problem. The second gasoline crisis in 1979 again drove up pump prices and forced drivers to wait in long lines to fill their tanks. For Keith Crain, editor-in-chief of Automotive News, it was the end of innocence when automakers had been competing to provide the biggest and best cars to drivers and mileage didnt really matter at all. In the years that followed, import cars stated being taken seriously in the Detroit 3-dominated US market. Japanese small cars provided the fuel economy. Weve seen the disruptive force of skyrocketing gasoline prices on our economy in 2008 and after. Read more about the political and economic issues impacting the future of oil prices and fuel efficient and alternative fuel vehicles.The Article 40 Years After OPEC Oil Embargo Has the Problem Been Solved? appeared first on Automotive Digest.
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