Information from: https://tradingeconomics.com
Oil price for the last 5 years
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Gasoline Price over the last 5 years:
The price of oil has come down 23 dollars / barrel.
The price of gasoline has come down 36 cents / gallon.
Perhaps much more impressive is that from the depths of the pandemic semi-depression, the prices skyrocketed far beyond recovering their pre-pandemic values -- beginning long before the November 2020 presidential election or the January 2021 swearing-in of the new president, Joe Biden.
3/15/22 Here is the new oil price graph:
It is sharply dropping from $102.12 down to $95.39 in only a few days. That's a $24.61 drop from its peak. Will it drop to other previous levels like $80 of 11/2021 ?
