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WebApr 13, 2024 · Global oil prices in the 20th century generally ranged between $1.00 and $2.00 per barrel (/b) until 1970. That's about $10/b to $30/b when adjusted for inflation. 2 The United States was the world's dominant oil producer at that time, and it regulated prices. Domestic oil was plentiful. Cheap oil and gas expanded interstate highways ... WebMar 8, 2024 · Some gas locations reported prices about $2 over the state average. Stations in Los Angeles and San Francisco sell regular gas for more than $6 per gallon, some reaching nearly $7. terri and sandy agency
Crude Oil Price History: A Chart of Events Since 1970 - The Balance
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