Oil Hits Inflation-Adjusted Record High

February 29th, 2008

Via: Reuters:

U.S. oil surged to a new inflation-adjusted record high on Thursday, surpassing the previous record of $102.53 set in 1980, according to the International Energy Agency.

The following table from the BP Statistical Review of Energy picks out key moments in oil market history. It gives average annual dollar-denominated oil prices in money of the day and the equivalent price in 2006 money.

Posted in Economy, Energy | Top Of Page

One Response to “Oil Hits Inflation-Adjusted Record High”

  1. anothernut says:
    February 29, 2008 at 5:15 pm

    Now would be a good time to whip out some of those quotes — from Daniel Yergin and the like — and have a few good laughs.

    Here’s a good link, tho a bit dated. Scroll down to the 2nd half of the page for the serious comedy, if you will.

    http://home.entouch.net/dmd/cera.htm

Leave a Reply

You must be logged in to post a comment.