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why is the price of oil so high?

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posted on Apr, 9 2005 @ 05:39 PM
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are there more countries using oil now than back in the 90s because i dont remember the prices being so high back then.




posted on Apr, 9 2005 @ 06:07 PM
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You have to adjust for inflation.

It peaked around '80-'81 at just under $95 (2005 dollars).
Gas averaged just under $3.00 (2005 dollars)


Here's a chart:



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