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  1. The price of oil shown is adjusted for inflation using the headline CPI and is shown by default on a logarithmic scale. The current month is updated on an hourly basis with today's latest value. The current price of WTI crude oil as of September 27, 2024 is $68.18 per barrel. Historical Chart. 10 Year Daily Chart.

  2. Crude Oil vs Gasoline Prices. This interactive chart compares the monthly price performance of West Texas Intermediate (WTI) Crude Oil vs national average gasoline prices back to 1986. Backlinks from other sites are the lifeblood of our site and our primary source of new traffic.

  3. Jul 8, 2021 · Obviously, the price of crude oil is a major component of the cost of gasoline. But based on this chart it appears that gasoline was a bit more expensive than oil for the period from 1985 through 2003. But during the 2009 and 2012 spikes oil actually spiked higher than gasoline. But we have to be careful that we don’t read too much into this ...

  4. Price - Chart - Historical Data - News. WTI crude oil futures rose to around $68.2 per barrel on Friday, recovering some of the previous session's losses as Hurricane Helene forced Gulf of Mexico producers to cut output. Meanwhile, investors weighed fresh stimulus from top crude importer China against expectations for higher global supply.

  5. Apr 13, 2022 · Oil Prices in the 1960s and 1970s . Global oil prices in the 20th century generally ranged between $1.00 and $2.00 per barrel (/b) until 1970. That's about $10/b to $30/b when adjusted for inflation. The United States was the world's dominant oil producer at that time, and it regulated prices. Domestic oil was plentiful.

    • Kimberly Amadeo
  6. Aug 31, 2021 · First Gulf War. In August 1990, Iraq invaded Kuwait, sending the price of oil soaring from about $34 per barrel to nearly $77. After a U.S.-led military coalition succeeded in removing Saddam ...

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  8. May 4, 2022 · Historical oil prices rose rapidly from 2004-2008. During that time, economic growth was fueling oil demand but there was little spare production capacity. By the second quarter of 2008, inflation-adjusted oil prices hit a high of $125 per barrel. They crashed by 66% shortly thereafter due to the global financial crisis.