From 1946 to 2008, what is the range of inflation adjusted average annual oil prices?
A)$32.48 to $160.03
B)$8.05 to $122.50
C)$12.95 to $140.05
D)$15.77 to $91.35
E)$41.09 to $63.50

Question

Quizplus · Accepted Answer

$15.77 to $91.35 has been the range of inflation adjusted average annual oil prices.
Key Takeaway: Oil prices spiked as high as $122.64 in June 2008. Since energy prices are critical to many businesses, this is a good range to have a sense of. Note that the $15.77 number came in 1998, so it is not a product of ancient history.

From 1946 to 2008, What Is the Range of Inflation