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Spot Crude Oil Price

The spot crude oil price marks the price of a barrel of crude oil. The cost of oil largely drives the price of gasoline and other fuels. An increase in the price of oil hurts many areas of the economy as it increases the costs of transportation (personal and business) and the production of many common products. The price of oil spiked and peaked in the summer of 2008 playing a significant role in the lead-up to the crisis.

$147 was the peak price of oil in 2008 just before the crisis began.
$34 was the approximate low price of oil since the crisis began.

View more detail on oil price history.




 
 

Ben & the Fat Cat Banksters Painting

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