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22 Mar 2026

‘Eerie parallel’: Archived stamps reveal Canada was prepared to ration gas in the 1979 oil crisis

Author: admintech | Filed under: Finance/ Money
A sheet of gas stamps is shown next to a gas pump.

Canada considered conserving oil with gasoline rationing stamps in 1979. While it never put the stamps into circulation, economist Peter Tertzakian said the proofs are a reminder that anything can happen in an oil shortage.