In 1969, the average price of a barrel of crude oil was about $3.00 to $4.00. This period marked significant changes in the oil market, particularly with the onset of the oil crisis and the growing influence of OPEC. The price of gasoline at the pump varied but was generally around 30-35 cents per gallon in the United States. This was a time of increasing demand for oil, driven by post-war economic growth and the expansion of the automobile culture.
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