#Historically, Crude oil reached an all time high of
147.27 in July of 2008.
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Then, how much is a barrel of oil 2021?
Brent Crude Oil Price Forecasts from Different Sources
YearUnits2021
| Reference | $2019 USD per Barrel, Brent | 45.00 |
| Evolving | $2019 USD per Barrel, Brent | 43.00 |
On top of that, how much did a barrel of oil cost in 1970? Annual Average Domestic Crude Oil Prices
Annual Average Domestic Crude Oil Prices (in $/Barrel)
1946-Present
| 1970 | $3.39 | $23.96 |
| 1971 | $3.60 | $24.39 |
| 1972 | $3.60 | $23.62 |
Plus, what was the price of oil in April 2021?
In October 2021, the average price of one barrel of Brent crude oil was 83.54 U.S. dollars....
CharacteristicPrice in U.S. dollars per barrel
| May 21 | 68.53 |
| Apr 21 | 64.81 |
| Mar 21 | 65.41 |
| Feb 21 | 62.28 |
5 days ago
What was the price of a barrel of oil in January 2021?
Recent Contracts
LastLow
| Brent Crude Oil Last Day Financial Jan 2021 | $78.49 | $78.05 |
| Brent Crude Oil Last Day Financial Feb 2021 | $77.75 | $77.33 |
| Brent Crude Oil Last Day Financial Mar 2022 | $76.92 | $76.69 |
| Brent Crude Oil Last Day Financial Apr 2022 | $76.47 | $76.44 |
13 Related Questions Answered
During the OPEC oil embargo, inflation-adjusted oil prices went up from $25.97 per barrel (bbl) in 1973 to $46.35 per barrel (bbl) in 1974.
Historical Data
DateValue
| Janu | 61.63 |
| Decem | 63.35 |
| Novem | 60.40 |
| Octo | 57.27 |
The EIA expects that the price of Brent will fall from an average of US$84/bbl in October 2021 to US$66/bbl in December 2022 and the price of WTI will fall from an average of US$81/bbl in October 2021 to US$62/bbl in December 2022.2 days ago
The World Bank, in its Commodity Markets Outlook, forecasts US natural gas prices to remain close to current levels over the rest of 2021, averaging $2.80/MMBtu, which marks a 39% rebound from 2020.
Oil prices fell on Tuesday, with Brent down a second straight day, after Chinese data showed slowing economic growth and U.S. factory output dropped in September, raising fresh concerns about demand amid patchy recovery from the coronavirus pandemic.
Earlier in August, import duty of crude soya bean and sunflower oil as well as refined sunflower and soya bean oil was reduced. ... Also duty on refined oil was reduced from 49.50 to 41.25 per cent. The reason for this step can be found in the 20-30 per cent year-on-year rise in prices of edible oil.
(CNN) -- California gas prices hit an average price of $4.658 a gallon Friday, about a penny short of the highest recorded average price of $4.671 for regular gasoline set in October 2012, according to AAA. America's largest state has the highest gas prices in the country.
Gasoline Prices in the United States averaged 0.55 USD/Liter from 1991 until 2021, reaching an all time high of 1.07 USD/Liter in June of 2008 and a record low of 0.24 USD/Liter in February of 1999.
Venezuela boasts the lowest cost of gasoline on our list. Citizens pay just pennies per gallon, enjoying generous subsidies from President Hugo Chavez. Like Iran and Saudi Arabia, oil-rich Venezuela has stitched affordable gas into its national fabric.
In the U.S., New York City is the most pricey to live in, followed by San Francisco—however, NYC is only #9 on the world's most expensive cities.
Daniel Armbruster, a spokesperson for AAA Texas, said demand for gas is quickly outpacing supply. “A lot of that's likely due to more people getting vaccinated for COVID-19,” he said. “More people are returning to the office and we're also seeing a lot more people starting to take vacations and travel.
If wholesale energy prices are high, fixed-rate energy deals could cost more. But you may consider this a premium worth paying in return for the guarantee they offer that the unit energy cost won't change. As a general rule though, you will pay less by opting to fix the cost of your energy.
State Gas Price Averages
StateRegularPremium
| California | $4.704 | $5.015 |
| Colorado | $3.475 | $4.095 |
| Connecticut | $3.557 | $4.074 |
| District of Columbia | $3.587 | $4.218 |