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Oil:
Evolution in the Price of Oil

(1975 - Present)


Oil: Table of Contents | Top Crude Producers | OPEC


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Year
Nominal Price *
Inflation Adjusted
1975
$12.21
$51.00
1976
$13.10
$51.78
1977
$14.40
$53.41
1978
$14.95
$51.58
1979
$25.10
$77.05
1980
$37.42
$102.26
1981
$35.75
$88.55
1982
$31.83
$74.24
1983
$29.08
$65.69
1984
$28.75
$62.26
1985
$26.92
$56.28
1986
$14.44
$29.62
1987
$17.75
$35.13
1988
$14.87
$28.32
1989
$18.33
$33.24
1990
$23.19
$39.80
1991
$20.20
$33.36
1992
$19.25
$30.85
1993
$16.75
$24.73
1994
$15.66
$23.76
1995
$16.75
$24.73
1996
$20.46
$29.32
1997
$18.64
$26.12
1998
$11.91
$16.44
1999
$16.56
$22.30
2000
$27.39
$35.76
2001
$23.00
$29.23
2002
$22.81
$28.50
2003
$27.69
$33.86
2004
$37.66
$44.81
2005
$50.04
$57.57
2006
$58.30
$65.03
2007
$64.20
$69.51
2008
$91.48
$95.25
2009
$53.48
$57.92
2010
$71.21
$76.01
2011
$87.04
$90.08
2012
$86.46
$87.68
2013^
$87.13
$87.52

° - Annual Average Crude Oil Price adjusted for inflation to modern prices using the Consumer Price Index (CPI-U) as presented by the Bureau of Labor Statistics.  Since these are annual averages they will not show the absolute peak price for any given year.
* - Price is per barrel.


Sources: Aspect Enterprise, Arab Insight, Inflation Data

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