Yesterday’s closing of $104.52 makes it the highest ever in inflation-adjusted terms. I stopped for gas in Chicago yesterday and gas was $3.15, $3.29 and $3.51 for regular (87), standard (89) and premium (92). Brace yourselves.
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‘c’ is for: connor, clinton, climate, carbon, computers, and change
Energy
Oil Most Expensive, Ever
Another Oil Price Milestone Approaching
Crude closed above the psychological $100-barrel barrier on Tuesday for the second time. The next milestone? The inflation-adjusted all-time high of $103.76 which would be the equivalent of the price of a barrel in April, 1980. As I write, it sits at $101.34 on the NYMEX, exchange. NYT Article from this morning on oil’s...
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