Oil Prices Over The Years
The price of a barrel of oil is incessantly changing.
Historical Prices of Oil in America
A somewhat-steady decrease of oil prices occurred during the nineties. The steadiest period was from $22.26 in 1990, to $15.53 in 1994, when the economy was booming. As the economic prosperity slowed down in 1995 to 1996, barrel prices went from $16.86 to $20.29. Once again, it fluctuated from $12.28 in 1997 to $17.44 in 1999, ending the decade on all right footing.
Prices skyrocketed during the 2000s. After September 11, 2001, America began the War on Terror, and our troops were sent to Afghanistan. The price of oil was $23.12 in 2001, and continuously increased to $50.59. During the peak of the recession in 2008, oil prices were at an all-time high of $94.10!