Time has not made much of a difference since 2008...at least in the price of crude. The price for the U.S. West Texas Intermediate (WTI) crude oil was $107 a barrel on September 28, 2008, vs. around $105 per barrel today.
On the other hand, the average price at the pump was $2.57 a gallon then, compared with the average is $3.58 per gallon today. The chart below shows the average price for the period from March 24, 2009 through March 24, 2011):
Read More: http://www.econmatters.com/2011/03/revolution-or-evolution-in-world-oil.html
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