Oil Price Distant From 1980s Agony When U.S. Income Adjusted

Source: Bloomberg

Oil at $110 a barrel is taking only half as big a bite out of Americans’ pocketbooks as it did in 1981, the last time Iranian shipments were disrupted.

The cost of a barrel of crude in the U.S., adjusted for total disposable income, was $107.92 in January of this year, compared with a peak of $213.44 in the same month in 1981, according to data compiled by Bloomberg (.OILINCM) and the Energy and Commerce Departments. Oil consumption was 4.8 percent of income in 2010, compared with 9.7 percent in 1981, the data showed. To read full article, click here.

Category: All, Public (Free)

Posted March 9, 2012 by CH.

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2628One Response2012-03-09+14%3A57%3A51CH to “Oil Price Distant From 1980s Agony When U.S. Income Adjusted”

oska says:

March 9, 2012 at 11:29 am

We buy all these barrels of oil,I was wondering if when a certain amount of barrels are purchased do we receive any free!?

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Oil Price Distant From 1980s Agony When U.S. Income Adjusted

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