Mar
02
What was the price of crude oil back before Katrina and the national overnight gas spike?
Filed Under (Economics) by oil
oil
Nelson asked:


I know gas was like $4 or higher when crude oil was over a hundred bucks a barrel. Now oil is down to $71 but gas is still just under 3 where i live. What was the price of oil on the stock market before Katrina when gas was around 1.50 or maybe a bit more?

FRANKIE
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Comments

Street Smart on 4 March, 2009 at 7:44 pm #

More than $100.


KevinStud99 on 7 March, 2009 at 6:43 am #

In the early 2000s oil was around $25 - $30. Starting going up in 2004 I think, but Katrina just kind of gave it a jump start in ‘05.