Browsing through our archives from 1978 this morning, I came across this story from March of that year. It was about a year before the second oil crisis would hit the US, during the high plateau where gas prices lingered between the 1973
shortages and long before the 20-year run of absurdly low oil prices
leading up to our current situation
. $0.949 in 1978 would be worth $3.15 today
. Those were the days, my friends. Below, check out the rest of the article, plus some other highlights from the year.