The correct answer for the question that is being presented above is this one: "ineffective government regulation." a primary cause of the rising gas prices in the 1970s is that of <span>ineffective government regulation. Ineffective regulation will surely make things worse.</span>
A key factor of the rising gas costs during the 1970s is that of insufficient government regulation.
The Conservative government, driven by Ted Heath, was at that point attempting to adapt to high sustenance costs brought about by worldwide deficiencies. This encouraged into an expansion rate which, under Harold Wilson's Labor government, hit over 24% (by correlation, swelling in January 2011 was at 4%, twofold the Bank of England's present focus of a 2% swelling rate).
