Crude oil prices 1861 - 2006 |
| Pennsylvania oil boom |
| Date |
Price in US$ (money of the day) |
US$ (2006) |
| 1864 |
8.06 |
104.35 |
| Russian oil exports start |
| Date |
Price in US$ (money of the day) |
US$ (2006) |
| 1876 |
2.56 |
48.64 |
| Rebuilding post World War Two |
| Date |
Price in US$ (money of the day) |
US$ (2006) |
| 1948 |
1.99 |
16.74 |
| Arab oil embargo |
| Date |
Price in US$ (money of the day) |
US$ (2006) |
| 1974 |
11.58 |
47.54 |
| Iranian revolution |
| Date |
Price in US$ (money of the day) |
US$ (2006) |
| 1979 |
31.61 |
88.13 |
| Iran-Iraq war starts |
| Date |
Price in US$ (money of the day) |
US$ (2006) |
| 1980 |
36.83 |
90.46 |
| Iraq's invasion of Kuwait |
| Date |
Price in US$ (money of the day) |
US$ (2006) |
| 1990 |
23.73 |
36.76 |
| Asian economic crisis |
| Date |
Price in US$ (money of the day) |
US$ (2006) |
| 1998 |
12.72 |
16.22 |
| China 2nd biggest oil consumer |
| Date |
Price in US$ (money of the day) |
US$ (2006) |
| 2003 |
38.27 |
40.83 |
| Year-to-date average |
| Date |
Price in US$ (money of the day) |
US$ (2006) |
| *2007 |
65.57 |
65.57 |
| Source: BP Statistical Review of World Energy June 2007/Reuters |
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