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The shortage in 1974 was due to the Arab oil embargo not the recession. In 1974 I was working at the Cummins engine distributor in Bronx, NY. We serviced Texaco, Shell and Mobile Oil gasoline delivery trucks. With their permission we siphoned gasoline out so we could fill our vehicles to get to and from work.it's called a recession..... we had similar shortages and diesel fuel rationing in the 1970's. had long lines of cars waiting at filling stations and stations running out.