The 1974 season was one where the NHRA was on the edge of the so-called good old days and a new era of corporate involvement. It also became known for the year the NHRA would face the effects of a worldwide energy crisis.

This season also featured the emergence of second-year Top Fuel phenom Gary Beck and the introduction of U.S. Army sponsorship with Don Prudhomme.

Before 1974, the season champion was determined by the winner of the World Finals event.