Pump Prices

1990 Print Ad

This message was in reference to the oil price spike that occurred in response to the Iraqi invasion of Kuwait on August 2nd, 1990. Lasting only 9 months, the rise in gas prices is widely believed to have been a significant factor in the recession of the early 1990s. As the US-led coalition in 1991 experienced military success against Iraqi forces, concerns about long-term supply shortages eased and prices began to fall. All we could do was hope for a store invasion.