Articles for Financial Advisors

Oil Price Perspective

Oil Price Perspective

From 1913 to the present, despite multiple “global energy revolutions,” the price of gas at the pump (net of taxes) has ranged between $2 and $4 a gallon in 2006 dollars. As of May 2013, the U.S. national average was $3.0 ($$3.04 in 2006 dollars).


According to The Wall Street Journal (May 2013), “Four dollars appears to be a fair approximation of the price at which consumers curtail their usage, $2 a gallon is a price at which producers pare back production and postpone the hunt for new reserves.”

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