"The highest price crude-oil futures hit yesterday was $69.81 a barrel in Nymex trading, up $2.61 for the day, or 3.9%.
The record remains the $39.50 barrel price reached in April 1980, equivalent to $95.26 when adjusted for inflation."
Quoted from The Wall Street Journal
Wednesday, August 31, 2005
This was a front page artilcle and if anyone has access to it you should definately breeze through it. I have been trying to convince people for several years that we are not even close to gas prices that reflect inflation over the last 20-30 years but whatever. Here is a post from last week that includes a few of my rants...
http://www.superiormuscle.com/vbulle...ad.php?t=26190
The record remains the $39.50 barrel price reached in April 1980, equivalent to $95.26 when adjusted for inflation."
Quoted from The Wall Street Journal
Wednesday, August 31, 2005
This was a front page artilcle and if anyone has access to it you should definately breeze through it. I have been trying to convince people for several years that we are not even close to gas prices that reflect inflation over the last 20-30 years but whatever. Here is a post from last week that includes a few of my rants...
http://www.superiormuscle.com/vbulle...ad.php?t=26190

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