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?What was the price of crude oil back before Katrina and the national overnight gas spike?
More than $100.What was the price of crude oil back before Katrina and the national overnight gas spike?
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.
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