As gas prices soar, Trump is ignoring the lessons of the last oil crisis

Grist
By Jake BittleMar 10, 2026, 2:51 pm121 ptsTrending
During the infamous oil embargo of 1973, when the world’s petroleum-producing countries stopped exporting to the United States during the Yom Kippur War, the effects on the U.S. were disastrous. Gasoline prices jumped by almost 50 percent, gas stations had to ration fuel, and lines at the pump snaked for…

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