By Steve Cichon
steve@buffalostories.com
@stevebuffalo
On this date 25 years ago– Aug. 20, 1990– gasoline hit a dollar in futures trading for the first time in history.
With the Gulf War just starting weeks earlier, gas prices would continue to rise past a buck in the coming months. It was the first time most folks had paid more than a dollar for a gallon of gas since the oil crisis of the late ’70s, although New York State taxes had bumped Buffalo-area gas prices above the dollar mark for at least a couple of years by this point.
