This is based on the globally traded WTI Oil price which is a little cheaper than the Brent Oil
Over the next few days I will show the difference of what the price is today and what it should be and how we are being hoodwinked by the governments and profiteers!
Historical Oil Prices
Year/Mth Price in USd
1946-1 1.2
1946-2 1.2
1946-3 1.2
1946-4 1.3
1946-5 1.3
1946-6 1.3
1946-7 1.3
1946-8 1.5
1946-9 1.5
1946-10 1.5
1946-11 1.5
1946-12 1.6
1947-1 1.6
1947-2 1.6
1947-3 1.6
1947-4 1.9
1947-5 1.9
1947-6 1.9
1947-7 1.9
1947-8 1.9
1947-9 1.9
1947-10 1.9
1947-11 2.1
1947-12 2.1
1948-1 2.6
1948-2 2.6
1948-3 2.6
1948-4 2.6
1948-5 2.6
1948-6 2.6
1948-7 2.6
1948-8 2.6
1948-9 2.6
1948-10 2.6
1948-11 2.6
1948-12 2.6
1949-1 2.6
1949-2 2.6
1949-3 2.6
1949-4 2.6
1949-5 2.6
1949-6 2.6
1949-7 2.6
1949-8 2.6
1949-9 2.6
1949-10 2.6
1949-11 2.6
1949-12 2.6
1950-1 2.6
1950-2 2.6
1950-3 2.6
1950-4 2.6
1950-5 2.6
1950-6 2.6
1950-7 2.6
1950-8 2.6
1950-9 2.6
1950-10 2.6
1950-11 2.6
1950-12 2.6
1951-1 2.6
1951-2 2.6
1951-3 2.6
1951-4 2.6
1951-5 2.6
1951-6 2.6
1951-7 2.6
1951-8 2.6
1951-9 2.6
1951-10 2.6
1951-11 2.6
1951-12 2.6
1952-1 2.6
1952-2 2.6
1952-3 2.6
1952-4 2.6
1952-5 2.6
1952-6 2.6
1952-7 2.6
1952-8 2.6
1952-9 2.6
1952-10 2.6
1952-11 2.6
1952-12 2.6
1953-1 2.6
1953-2 2.6
1953-3 2.6
1953-4 2.6
1953-5 2.6
1953-6 2.8
1953-7 2.8
1953-8 2.8
1953-9 2.8
1953-10 2.8
1953-11 2.8
1953-12 2.8
1954-1 2.8
1954-2 2.8
1954-3 2.8
1954-4 2.8
1954-5 2.8
1954-6 2.8
1954-7 2.8
1954-8 2.8
1954-9 2.8
1954-10 2.8
1954-11 2.8
1954-12 2.8
1955-1 2.8
1955-2 2.8
1955-3 2.8
1955-4 2.8
1955-5 2.8
1955-6 2.8
1955-7 2.8
1955-8 2.8
1955-9 2.8
1955-10 2.8
1955-11 2.8
1955-12 2.8
1956-1 2.8
1956-2 2.8
1956-3 2.8
1956-4 2.8
1956-5 2.8
1956-6 2.8
1956-7 2.8
1956-8 2.8
1956-9 2.8
1956-10 2.8
1956-11 2.8
1956-12 2.8
1957-1 2.8
1957-2 3.1
1957-3 3.1
1957-4 3.1
1957-5 3.1
1957-6 3.1
1957-7 3.1
1957-8 3.1
1957-9 3.1
1957-10 3.1
1957-11 3.1
1957-12 3
1958-1 3.1
1958-2 3.1
1958-3 3.1
1958-4 3.1
1958-5 3.1
1958-6 3.1
1958-7 3.1
1958-8 3.1
1958-9 3.1
1958-10 3.1
1958-11 3
1958-12 3
1959-1 3
1959-2 3
1959-3 3
1959-4 3
1959-5 3
1959-6 3
1959-7 3
1959-8 3
1959-9 3
1959-10 3
1959-11 3
1959-12 3
1960-1 3
1960-2 3
1960-3 3
1960-4 3
1960-5 3
1960-6 3
1960-7 3
1960-8 3
1960-9 3
1960-10 3
1960-11 3
1960-12 3
1961-1 3
1961-2 3
1961-3 3
1961-4 3
1961-5 3
1961-6 3
1961-7 3
1961-8 3
1961-9 3
1961-10 3
1961-11 3
1961-12 3
1962-1 3
1962-2 3
1962-3 3
1962-4 3
1962-5 3
1962-6 3
1962-7 3
1962-8 3
1962-9 3
1962-10 3
1962-11 3
1962-12 3
1963-1 3
1963-2 3
1963-3 3
1963-4 3
1963-5 3
1963-6 3
1963-7 3
1963-8 3
1963-9 3
1963-10 3
1963-11 3
1963-12 3
1964-1 3
1964-2 3
1964-3 3
1964-4 3
1964-5 3
1964-6 3
1964-7 2.9
1964-8 2.9
1964-9 2.9
1964-10 2.9
1964-11 2.9
1964-12 2.9
1965-1 2.9
1965-2 2.9
1965-3 2.9
1965-4 2.9
1965-5 2.9
1965-6 2.9
1965-7 2.9
1965-8 2.9
1965-9 2.9
1965-10 2.9
1965-11 2.9
1965-12 2.9
1966-1 2.9
1966-2 2.9
1966-3 2.9
1966-4 2.9
1966-5 2.9
1966-6 2.9
1966-7 2.9
1966-8 2.9
1966-9 3
1966-10 3
1966-11 3
1966-12 3
1967-1 3
1967-2 3
1967-3 3
1967-4 3
1967-5 3
1967-6 3
1967-7 3
1967-8 3.1
1967-9 3.1
1967-10 3.1
1967-11 3.1
1967-12 3.1
1968-1 3.1
1968-2 3.1
1968-3 3.1
1968-4 3.1
1968-5 3.1
1968-6 3.1
1968-7 3.1
1968-8 3.1
1968-9 3.1
1968-10 3.1
1968-11 3.1
1968-12 3.1
1969-1 3.1
1969-2 3.1
1969-3 3.3
1969-4 3.4
1969-5 3.4
1969-6 3.4
1969-7 3.4
1969-8 3.4
1969-9 3.4
1969-10 3.4
1969-11 3.4
1969-12 3.4
1970-1 3.4
1970-2 3.4
1970-3 3.4
1970-4 3.4
1970-5 3.4
1970-6 3.4
1970-7 3.3
1970-8 3.3
1970-9 3.3
1970-10 3.3
1970-11 3.3
1970-12 3.6
1971-1 3.6
1971-2 3.6
1971-3 3.6
1971-4 3.6
1971-5 3.6
1971-6 3.6
1971-7 3.6
1971-8 3.6
1971-9 3.6
1971-10 3.6
1971-11 3.6
1971-12 3.6
1972-1 3.6
1972-2 3.6
1972-3 3.6
1972-4 3.6
1972-5 3.6
1972-6 3.6
1972-7 3.6
1972-8 3.6
1972-9 3.6
1972-10 3.6
1972-11 3.6
1972-12 3.6
1973-1 3.6
1973-2 3.6
1973-3 3.6
1973-4 3.6
1973-5 3.6
1973-6 3.6
1973-7 3.6
1973-8 4.3
1973-9 4.3
1973-10 4.3
1973-11 4.3
1973-12 4.3
1974-1 10.1
1974-2 10.1
1974-3 10.1
1974-4 10.1
1974-5 10.1
1974-6 10.1
1974-7 10.1
1974-8 10.1
1974-9 10.1
1974-10 11.2
1974-11 11.2
1974-12 11.2
1975-1 11.2
1975-2 11.2
1975-3 11.2
1975-4 11.2
1975-5 11.2
1975-6 11.2
1975-7 11.2
1975-8 11.2
1975-9 11.2
1975-10 11.2
1975-11 11.2
1975-12 11.2
1976-1 11.2
1976-2 12
1976-3 12.1
1976-4 12.2
1976-5 12.2
1976-6 12.2
1976-7 12.2
1976-8 12.2
1976-9 13.9
1976-10 13.9
1976-11 13.9
1976-12 13.9
1977-1 13.9
1977-2 13.9
1977-3 13.9
1977-4 13.9
1977-5 13.9
1977-6 13.9
1977-7 13.9
1977-8 14.9
1977-9 14.9
1977-10 14.9
1977-11 14.9
1977-12 14.9
1978-1 14.9
1978-2 14.9
1978-3 14.9
1978-4 14.9
1978-5 14.9
1978-6 14.9
1978-7 14.9
1978-8 14.9
1978-9 14.9
1978-10 14.9
1978-11 14.9
1978-12 14.9
1979-1 14.9
1979-2 15.9
1979-3 15.9
1979-4 15.9
1979-5 18.1
1979-6 19.1
1979-7 21.8
1979-8 26.5
1979-9 28.5
1979-10 29
1979-11 31
1979-12 32.5
1980-1 32.5
1980-2 37
1980-3 38
1980-4 39.5
1980-5 39.5
1980-6 39.5
1980-7 39.5
1980-8 38
1980-9 36
1980-10 36
1980-11 36
1980-12 37
1981-1 38
1981-2 38
1981-3 38
1981-4 38
1981-5 38
1981-6 36
1981-7 36
1981-8 36
1981-9 36
1981-10 35
1981-11 36
1981-12 35
1982-1 33.9
1982-2 31.6
1982-3 28.5
1982-4 33.5
1982-5 35.9
1982-6 35.1
1982-7 34.2
1982-8 34
1982-9 35.6
1982-10 35.7
1982-11 34.2
1982-12 31.7
1983-1 31.2
1983-2 29
1983-3 28.8
1983-4 30.6
1983-5 30
1983-6 31
1983-7 31.7
1983-8 31.9
1983-9 31.1
1983-10 30.4
1983-11 29.8
1983-12 29.2
1984-1 29.7
1984-2 30.1
1984-3 30.8
1984-4 30.6
1984-5 30.5
1984-6 30
1984-7 28.8
1984-8 29.3
1984-9 29.3
1984-10 28.8
1984-11 28.1
1984-12 25.4
1985-1 25.6
1985-2 27.3
1985-3 28.2
1985-4 28.8
1985-5 27.6
1985-6 27.1
1985-7 27.3
1985-8 27.8
1985-9 28.3
1985-10 29.5
1985-11 30.8
1985-12 27.2
1986-1 22.9
1986-2 15.4
1986-3 12.6
1986-4 12.8
1986-5 15.4
1986-6 13.5
1986-7 11.6
1986-8 15.1
1986-9 14.9
1986-10 14.9
1986-11 15.2
1986-12 16.1
1987-1 18.7
1987-2 17.7
1987-3 18.3
1987-4 18.6
1987-5 19.4
1987-6 20
1987-7 21.4
1987-8 20.3
1987-9 19.5
1987-10 19.8
1987-11 18.9
1987-12 17.2
1988-1 17.2
1988-2 16.8
1988-3 16.2
1988-4 17.9
1988-5 17.4
1988-6 16.5
1988-7 15.5
1988-8 15.5
1988-9 14.5
1988-10 13.8
1988-11 14
1988-12 16.3
1989-1 18
1989-2 17.8
1989-3 19.4
1989-4 21
1989-5 20
1989-6 20
1989-7 19.6
1989-8 18.5
1989-9 19.6
1989-10 20.1
1989-11 19.8
1989-12 21.1
1990-1 22.6
1990-2 22.1
1990-3 20.4
1990-4 18.6
1990-5 18.2
1990-6 16.9
1990-7 18.6
1990-8 27.2
1990-9 33.7
1990-10 35.9
1990-11 32.3
1990-12 27.3
1991-1 25
1991-2 20.5
1991-3 19.9
1991-4 20.8
1991-5 21.2
1991-6 20.2
1991-7 21.4
1991-8 21.7
1991-9 21.9
1991-10 23.2
1991-11 22.5
1991-12 19.5
1992-1 18.8
1992-2 19
1992-3 18.9
1992-4 20.2
1992-5 20.9
1992-6 22.4
1992-7 21.8
1992-8 21.4
1992-9 21.9
1992-10 21.7
1992-11 20.3
1992-12 19.4
1993-1 19.1
1993-2 20.1
1993-3 20.3
1993-4 20.3
1993-5 19.9
1993-6 19.1
1993-7 17.9
1993-8 18
1993-9 17.5
1993-10 18.1
1993-11 16.7
1993-12 14.5
1994-1 15
1994-2 14.8
1994-3 14.7
1994-4 16.4
1994-5 17.9
1994-6 19.1
1994-7 19.7
1994-8 18.4
1994-9 17.5
1994-10 17.7
1994-11 18.1
1994-12 17.2
1995-1 18
1995-2 18.5
1995-3 18.6
1995-4 19.9
1995-5 19.7
1995-6 18.4
1995-7 17.3
1995-8 18
1995-9 18.2
1995-10 17.4
1995-11 18
1995-12 19
1996-1 18.9
1996-2 19.1
1996-3 21.4
1996-4 23.6
1996-5 21.3
1996-6 20.5
1996-7 21.3
1996-8 22
1996-9 24
1996-10 24.9
1996-11 23.7
1996-12 25.4
1997-1 25.2
1997-2 22.2
1997-3 21
1997-4 19.7
1997-5 20.8
1997-6 19.2
1997-7 19.6
1997-8 19.9
1997-9 19.8
1997-10 21.3
1997-11 20.2
1997-12 18.3
1998-1 16.7
1998-2 16.1
1998-3 15
1998-4 15.4
1998-5 14.9
1998-6 13.7
1998-7 14.1
1998-8 13.4
1998-9 15
1998-10 14.4
1998-11 12.9
1998-12 11.3
1999-1 12.5
1999-2 12
1999-3 14.7
1999-4 17.3
1999-5 17.8
1999-6 17.9
1999-7 20.1
1999-8 21.3
1999-9 23.9
1999-10 22.6
1999-11 25
1999-12 26.1
2000-1 27.2
2000-2 29.4
2000-3 29.9
2000-4 25.7
2000-5 28.8
2000-6 31.8
2000-7 29.8
2000-8 31.2
2000-9 33.9
2000-10 33.1
2000-11 34.4
2000-12 28.5
2001-1 29.6
2001-2 29.6
2001-3 27.2
2001-4 27.4
2001-5 28.6
2001-6 27.6
2001-7 26.5
2001-8 27.5
2001-9 25.9
2001-10 22.2
2001-11 19.7
2001-12 19.3
2002-1 19.7
2002-2 20.7
2002-3 24.4
2002-4 26.3
2002-5 27
2002-6 25.5
2002-7 26.9
2002-8 28.4
2002-9 29.7
2002-10 28.9
2002-11 26.3
2002-12 29.4
2003-1 32.9
2003-2 35.9
2003-3 33.6
2003-4 28.3
2003-5 28.1
2003-6 30.7
2003-7 30.8
2003-8 31.6
2003-9 28.3
2003-10 30.3
2003-11 31.1
2003-12 32.2
2004-1 34.3
2004-2 34.7
2004-3 36.8
2004-4 36.7
2004-5 40.3
2004-6 38
2004-7 40.7
2004-8 44.9
2004-9 46
2004-10 53.1
2004-11 48.5
2004-12 43.3
2005-1 46.8
2005-2 48
2005-3 54.3
2005-4 53
2005-5 49.8
2005-6 56.3
2005-7 58.7
2005-8 65
2005-9 65.6
2005-10 62.4
2005-11 58.3
2005-12 59.4
2006-1 65.5
2006-2 61.6
2006-3 62.9
2006-4 69.7
2006-5 70.9
2006-6 71
2006-7 74.4
2006-8 73.1
2006-9 63.9
2006-10 58.9
2006-11 59.4
2006-12 62
2007-1 54.6
2007-2 59.3
2007-3 60.6
2007-4 64
2007-5 63.5
2007-6 67.5
2007-7 74.2
2007-8 72.4
2007-9 79.9
2007-10 86.2
2007-11 94.6
2007-12 91.7
2008-1 93
2008-2 95.4
2008-3 105.6
2008-4 112.6
2008-5 125.4
2008-6 133.9
2008-7 133.4
2008-8 116.6
2008-9 103.9
2008-10 76.7
2008-11 57.4
2008-12 41
2009-1 41.7
2009-2 39.2
2009-3 48
2009-4 50
2009-5 59.2
2009-6 69.7
2009-7 64.1
2009-8 71.1
2009-9 69.5
2009-10 75.8
2009-11 78.1
2009-12 74.3
2010-1 78.2
2010-2 76.4
2010-3 81.2
2010-4 84.5
2010-5 73.8
2010-6 75.4
2010-7 76.4
2010-8 76.8
2010-9 75.3
2010-10 81.9
2010-11 84.1
2010-12 89
2011-1 89.4
2011-2 89.6
2011-3 102.9
2011-4 110
2011-5 101.3
2011-6 96.3
2011-7 97.2
2011-8 86.3
2011-9 85.6
2011-10 86.4
2011-11 97.2
2011-12 98.6
2012-1 100.2
2012-2 102.3
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