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The yearly average price for gasoline was 0.35 (see http://inflationdata.com/inflation/images/charts/OilInflation_adjusted_gasoline_price.jpg and http://www.terryfrazier.com/fullThread$msgNum=1621#msg1621)

Adjusted for inflation, it was about 1.90, or about the same it is today.

Also in 1970, price wars were a common occurence among gas stations. In Arizona for weeks at a time a gallon of gas was priced at 0.25.

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13y ago

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