OPECOIL IMPARGO

• Leave space

• How far do you drive in a week? (or, how far do your parents drive you)

• What kind of gas mileage does your car (your parents car) get?

• What is the average cost of a gallon of gas?

• Take a look at these numbers and figure out how much money you (your parents) spend on gas in a week and in a month.

• Miles driven / MPG = gallons per week (month)

• Gallons per week (month) * price = cost per week/month

What does is all mean?

Old house

Miles to work 29.72 one way 5 times per week

rounded to 60 miles per day

300 miles a week 1200 a month

Taking the girls to swim practice 3 nights a week

22 miles one way

Round it to 40 miles round trip

120 miles a week 480 a month

Other Driving

100 miles a week

400 miles month

Mr. Kroiss’s consumption

Total miles

300+120+100=520 miles a week

520 * 4 = 2080 miles per month

Mr. Kroiss drives a F-150 12-14 mpg (rounded 13 mpg)

Gas prices have been all over so lets just use a nice round $4 per gallon

520/13=40 gallons per week

40*$4 = $160 per week

$160*4=$640 per month

Moral of the story, I am glad I moved closer

Mr. Kroiss’s consumption

Go to page 718-19

Define

OPEC

Embargo

Then—go over “The Energy Crisis”p.719

Answer the questions

also answer—look at the graph on p.719

How much did the price of gas rise between 1978 and 1979? Figure the % as well as the dollar amount in 1978 and 1979.

OIL AND OPEC

Go back to your figures from the first slides

• How much money were you (your parents spending on gas in a week and a month

• Now—adjust your costs up by the same amount as seen in the years 1978-79

• In 1978 the price starts at about $1.40 and goes to about $2.15 at the peak in 1979

• $.75 more or about 35 % increase over 1 year

• Take your totals and * .35 + to the old total

Lets relate that to today

520 miles per week = 40 gallons a week

2080 miles per month = 160 gallons per month

Costs

Old price

$160 per week

$64o per month

New Price

$160 * .35= $56 + $160 = $216 per week

$640 * .35 = $224 + $640 = $864 per month

Mr. Kroiss is getting a Moped

What impacts would this have on your life?

What impacts would this have on the economy?

What might be a few long term outcomes of this event?

Critical Thinking