The highest price for a barrel of oil was back in April of 1980. Reaching $103.76 for a single barrel, and also came close again recently, hitting $102.45 in 2008. Check out the graph in the link, it shows you all the different prices a barrel of oil has cost throughout the years.
The source cited in the other answer was as of March 2008. In July 2008, the price of a barrel of oil reached $147. Asjusted for inflation, it is possible that the highest price was actually in the 1870s or 1880s. But the highest current-dollar price was $147 in July 2008.
Yes in June of 2008, a barrel of oil cost $145 and a month later it rose to the highest ever in history–$147 a barrel. I completely agree with rigibson’s insight that it could have been higher during the late 19th century due to todays inflation. However, if we are talking straight numbers, July 2008 had the highest price ever in oil history.
Click here to cancel reply.
Sorry,At this time user registration is disabled. We will open registration soon!
Don't have an account? Click Here to Signup
© Copyright GreenAnswers.com LLC