KirkLindstrom.com - Articles - 2012 - Blog:  Inflation Adjusted Oil Prices - Chart and History
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Inflation Adjusted Oil Prices
 
Oil Prices Adjusted for Inflation from 1980 to now.  Quotes and History
Kirk
                Windsurfing at Coyote Point November 2009
Charts and current price quote for Crude Oil Prices

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June 8, 2012:  Oil Prices adjusted for inflation are down significantly from their recent highs.  A slowing global economy plus new supply in the US has oil prices down over 20% in less than two months.  This should be good for the economy.  Unfortunately, oil prices in the past often start their decline at the beginning of a new recession. 

From Chartoftheday.com1
Today's chart provides some long-term perspective on the price of a barrel of crude oil with a long-term chart of inflation-adjusted West Texas Intermediate Crude. Today's chart illustrates that most oil price spikes coincided with Middle East crises and often preceded or coincided with a US recession. The logic behind this is that a Middle East crisis can potentially disrupt an already tight oil supply and thereby drive crude oil prices higher. Also, rising oil / energy prices can, among other things, increase costs within the global economy’s supply / distribution chain and thereby contribute to inflation which can in turn encourage governments to halt or reduce any plans to stimulate the economy. As a result of a slowing global economy as well as increased global oil production, crude oil prices have declined over 20% since early May alone.
Chart of Oil Prices Adjusted for
                          Inflation


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Note 1.  Source: Chart of the Day  "Journalists and bloggers may post the above free Chart of the Day on their website as long as the chart is unedited and full credit is given with a live link to Chart of the Day at http://www.chartoftheday.com."

Charts and current price quote for Crude Oil Prices

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