I wasn't buying gas then, of course, but I remember the prices jumping from about 40 pence to 60 pence a gallon almost overnight.
Didn't get my license until '83 (min. age is 17 here). Gas was still only a little over £1 a gallon then, if I recall correctly. (Sigh!)
My first car? It was a 1964 Hillman Imp, a really tiny car with a rear engine, looking a little like a much smaller version of your Corvair. It was about 8 years later I discovered the pleasures of American cars when I went to the other extreme and bought a '72 Pontiac LeMans.
[This message has been edited by pauluk (edited 06-11-2002).]