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May 19, 2022
8:03:00am
stenso Playmaker
Why is the price of oil per barrel lower than it has been historically yet gas
at the pump is the highest it’s ever been? I don’t understand this disconnect. The price of crude from 2007 to 2014 was closer to $120 a barrel and now is slightly over $100 a barrel. Is the difference that the cost to refine it now is higher?

macrotrends

Crude Oil Prices - 70 Year Historical Chart

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

https://www.macrotrends.net/1369/crude-oil-price-history-chart
This message has been modified
Originally posted on May 19, 2022 at 8:03:00am
Message modified by stenso on May 19, 2022 at 8:04:53am
Message modified by stenso on May 19, 2022 at 8:10:27am
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stenso
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stenso
Joined
Nov 4, 2018
Last login
Apr 23, 2024
Total posts
7,481 (13 FO)
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Messages
Author
Time
stenso
5/19/22 8:03am
Turnpike Lane
5/19/22 8:09am
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