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How much does oil cost per gallon?

• Price per gallon (inflation adj.): $0.19 ($2.88) • U.S. oil production: 2.5 million barrels per day • Price of a barrel of oil (inflation adj.): $1.00 ($15.28) 1935 • Price per gallon (inflation adj.): $0.19 ($2.81) • U.S. oil production: 2.7 million barrels per day • Price of a barrel of oil (inflation adj.): $0.97 ($14.47)

How much does a gallon of gasoline cost?

Crude oil prices in 2018 averaged around $61.40 a barrel, and the price of a gallon of gasoline was $2.74, well below the inflation-adjusted all-time high annual average of $3.94 in 2012. States also impose gasoline taxes, which vary from state to state and affect the average price nationwide.

How much does WTI crude oil cost?

The highest ever historical WTI crude oil price was at $141.63 per barrel. Compared to today’s spot price that’s down 44%. Other significant recent historical highs include $77.74 per barrel in Jul, 2006 and $109.50 per barrel in Aug, 2013. Marko has been working on the road for over 5 years, and is currently based in Europe.

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