[Alberta's Child]

The effect of the oil embargo was minor, since the embargo did nothing to affect the actual supply of oil to the U.S. (it simply added another "middle-man" to the process).

My guess is that the 1973 oil embargo itself would have resulted in about a 20% increase in oil prices here in the U.S.

[dhs12345]

Side note: gas prices dropped again at a later time when Americans started buying compact cars.