What was the price of crude oil back before Katrina and the national overnight gas spike?
I know gas was like or higher when crude oil was over a hundred bucks a barrel. Now oil is down to but gas is still just under 3 where i live. What was the price of oil on the stock market before Katrina when gas was around 1.50 or maybe a bit more?
June 13th, 2009 at 7:41 am
More than $100.
June 13th, 2009 at 7:41 am
In the early 2000s oil was around $25 – $30. Starting going up in 2004 I think, but Katrina just kind of gave it a jump start in ‘05.