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1974:

The Oil Embargo Hits Home

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Petty and Yarborough

The 1974 NASCAR Sprint Cup Series season was tested heavily by inflation, high interest rates, the Arab oil embargo and the ever-rising cost of auto racing. Each created difficult challenges for competitors and fans to overcome.

The energy crisis prompted Bill France Jr., president of NASCAR, to mandate race distances for the first 15 of 30 Cup Series races be reduced by 10 percent. Major team owners such as Cotton Owens, Ray Nichels, Banjo Matthews and Ray Fox elected to curtail or end their racing operations due to rising costs and limited sponsorship.

Still, some of the very best on-track competition was evident with every race on the circuit. Week after week, drivers Richard Petty and Cale Yarborough consistently made headlines as race winners, while David Pearson’s limited schedule with Wood Brothers Racing produced seven victories. Bobby Allison won on the short track in Richmond, Va., driving his own Chevrolet, and again in the season finale at California’s Ontario Motor Speedway in an AMC Matador owned by Roger Penske.

Further, the Cup Series points system was overhauled in 1974 and was the fourth procedure used to determine the series champion since NASCAR was formed in February 1948. It was determined by money winnings, multiplied by the number of races started, multiplied by 1,000, giving

the number of points earned. As a result, Petty and Yarborough ran away with the championship. At year’s end, the point system was changed again amid controversy and confusion.

Also, rookie Earl Ross, a Canadian, was a surprise winner at Martinsville Speedway in a Chevrolet fielded by Junior Johnson. Ross took the lead from Buddy Baker with 79 laps remaining and went on to collect his only Cup Series victory.

1974

PRESIDENT: RICHARD NIXON

NO. 1 SONG: “THE WAY WE WERE,” BY BARBARA STREISAND

TOP HEADLINES: PRESIDENT NIXON RESIGNS OVER WATERGATE SCANDAL; OIL EMBARGO CREATES LONG LINES AT GAS PUMPS

BEST DRIVER

RICHARD PETTY DEFENDED HIS 1973 Daytona 500 victory and went on to establish himself as the driver to beat for 1974. The Randleman, N.C., native mastered the superspeedways and short tracks, winning one-third of the Cup Series races on the 30-race schedule. His famed fluorescent red and Petty blue Dodge rolled down pit road to Victory Lane 10 times under the direction of crew chief Dale Inman. Petty collected his fifth of seven championships that season.

BEST RACE

IN JULY’S FIRECRACKER 400 AT Daytona International Speedway, David Pearson hit the brakes during the final lap, allowing Richard Petty to take the lead. As the two drivers came off of turn four, Pearson dropped low and drafted past Petty at the stripe to take the win by a mere car length. The lead changed 45 times, a race record that stood until 2010. Cale Yarborough and Buddy Baker officially tied for third.

TOP CARS

RICHARD PETTY’S No. 43 Dodge Charger collected 10 victories, 23 top-10 finishes and the series championship. Cale Yarborough’s Chevrolet Chevelle had one less top-five finish than Petty, and Yarborough ended up second.

SEASON RECAP

DATE | LOCATION | WINNER

Jan. 26 | Riverside International Raceway | Cale Yarborough

Feb. 17 | Daytona International Speedway | Richard Petty

Feb. 24 | Richmond International Raceway | Bobby Allison

March 3 | North Carolina Speedway | Richard Petty

March 17 | Bristol Motor Speedway | Cale Yarborough

March 24 | Atlanta Motor Speedway | Cale Yarborough

April 7 | Darlington Raceway | David Pearson

April 21 | North Wilkesboro Speedway | Richard Petty

April 28 | Martinsville Speedway | Cale Yarborough

May 5 | Talladega Superspeedway | David Pearson

May 12 | Nashville Fairgrounds Speedway | Richard Petty

May 19 | Dover International Speedway | Cale Yarborough

May 26 | Charlotte Motor Speedway | David Pearson

June 9 | Riverside International Raceway | Cale Yarborough

June 16 | Michigan International Speedway | Richard Petty

July 4 | Daytona International Speedway | David Pearson

July 14 | Bristol Motor Speedway | Cale Yarborough

July 20 | Nashville Fairgrounds Speedway | Cale Yarborough

July 28 | Atlanta Motor Speedway | Richard Petty

Aug. 4 | Pocono Raceway | Richard Petty

Aug. 11 | Talladega Superspeedway | Richard Petty

Aug. 25 | Michigan International Speedway | David Pearson

Sept. 2 | Darlington Raceway | Cale Yarborough

Sept. 8 | Richmond International Raceway | Richard Petty

Sept. 15 | Dover International Speedway | Richard Petty

Sept. 22 | North Wilkesboro Speedway | Cale Yarborough

Sept. 29 | Martinsville Speedway | Earl Ross

Oct. 6 | Charlotte Motor Speedway | David Pearson

Oct. 20 | North Carolina Speedway | David Pearson

Nov. 24 | Ontario Motor Speedway | Bobby Allison

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