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    • Consumer Price Index (CPI-U)

      • Prices are adjusted for Inflation to December 2022 prices using the Consumer Price Index (CPI-U) as presented by the Bureau of Labor Statistics.
      inflationdata.com/articles/inflation-adjusted-prices/historical-crude-oil-prices-table/

      Historical Crude Oil Prices (Table) - InflationData.com

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  3. www.macrotrends.net › 1369Crude Oil Prices - 70 Year Historical Chart - Macrotrends

    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. Interactive charts of West Texas Intermediate (WTI or NYMEX) crude oil prices per barrel back to 1946.

  4. inflationdata.com › articles › inflation-adjustedHistorical Crude Oil Prices (Table) - InflationData.com

    Dec 12, 2023 · The first table shows the Annual Average Crude Oil Price from 1946 to the present. Prices are adjusted for Inflation to December 2022 prices using the Consumer Price Index (CPI-U) as presented by the Bureau of Labor Statistics.

    Year
    Nominal Price
    Inflation-adjusted Price (november 2023)
    2023 (Partial)
    $  70.58
    $71.66
    2022
    $  87.40
    $91.76
    2021
    $  60.84
    $68.80
    2020
    $32.25
    $38.23

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  6. inflationdata.com › historical-oil-prices-chartHistorical Oil Prices Chart - InflationData.com

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    The absolute peak occurred in June 2008 with the highest inflation adjusted monthly average crude oil price of $145.93 / barrel. From there we see one of the sharpest drops in history. Note that the fall from the 1979 peak took until 1986 (7 years) to fall as much (percentage wise) as it lost in only six months from 2008-2009.

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    In nominal terms, we see a fall from $126.33 in June 2008 to $31.04 in February 09 but by June 09 oil is back to $61.46 and by April of 2011 it was back to $102.15. Fortunately, from there it decreased down to $76.90 in September but then started increasing again. The average for the year 2011 was $87.04. 2012 was very close with the nominal averag...

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    During the previous peak price back in 1979 the nominal monthly average oil price peaked at $38 per barrel (although the intraday prices spiked much higher). The common price quoted is the all time high for Crude Oil prices i.e. the price that the highest barrel ever sold for. That price doesnt really have any effect on the price consumers paid. Wh...

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    As we can see from the chart, inflation adjusted prices were higher in 2008 than they were in either 2011 or 1980, but in 1980 the prices stair-stepped down rather than falling sharply as they did in 2008. Part of the reason for this was that 2008 prices were driven by a speculative bubble while 1979-80 prices were driven up by OPEC. Another factor...

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  7. www.eia.gov › todayinenergy › detailCrude oil prices increased in first-half 2022 and declined in ...

    High crude oil prices led to lower U.S. gasoline demand as gasoline prices rose. Meanwhile, severe COVID-19 containment measures in China contributed to lower global petroleum demand. On December 8, the price of Brent crude oil reached the lowest 2022 price, at $75/b. Crude oil supply also increased in the second half of the year from U.S. and ...

  8. www.investopedia.com › 06 › oilpricesinflationWhat Is the Relationship Between Oil Prices and Inflation?

    Jul 30, 2024 · Key Takeaways. Higher oil prices contribute to inflation directly and by increasing the cost of inputs. There was a strong correlation between inflation and oil prices during...

  9. www.forbes.com › sites › johntobeyInflation-Adjusted Oil Prices Put Current Rise In Perspective

    Mar 30, 2022 · Today's volatile and seemingly high oil prices produce large headlines, but how bad is it, really? To answer that question, we need to adjust historical oil prices for inflation.

  10. www150.statcan.gc.ca › n1 › daily-quotidienIndustrial product and raw materials price indexes, December 2022

    Jan 18, 2023 · Prices for energy and petroleum products (-9.8%) fell for a second consecutive month in December, leading the monthly decrease in the IPPI. Compared with December 2021, prices were up 31.8%. Lower prices for finished motor gasoline (-1 4.6%) and diesel fuel (-8.7%) were mainly responsible for the monthly decline in this group.

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