NewInsight: Investor-owned utilities charge 23% more for power

Crude oil prices

Weekly average spot price of crude oil, the main input to what drivers pay.

Headlines

WTI, Cushing spot price, a barrel.

Latest
$106
Week of 30 Oct 2026
Past week
Down 1.5%
From $107
Past year
Up 72%
From $61.49
12-month range
$56.30 to $107
Lowest and highest week

Crude oil prices, WTI, Cushing and Brent, Europe

Weekly price, a barrel.

Up to and including the week of 30 Oct 2026

More frequent energy shocks this decade

Price of crude oil since 1970, dollars a barrel, with the major shocks labelled. Not adjusted for inflation.

Up to and including the week of 30 Oct 2026

$0$20$40$60$80$100$120$140$16019701975198019851990199520002005201020152020OPEC embargoIran revolutionFirst Gulf WarSecond Gulf WarFinancial crisisCovid-19 pandemicRussia invades UkraineIran war$121