Historical Crude Prices

The Annual Average of
WTI Crude Oil Prices

1946 - Present

. Year	Average Nominal	Inflation Adjusted
1946	$1.63	$17.26
1947	$2.16	$20.29
1948	$2.77	$24.21
1949	$2.77	$24.44
1950	$2.77	$24.18
1951	$2.77	$22.42
1952	$2.77	$21.17
1953	$2.92	$22.88
1954	$2.99	$23.39
1955	$2.93	$22.94
1956	$2.94	$22.74
1957	$3.00	$23.46
1958	$3.01	$21.83
1959	$3.00	$21.62
1960	$2.91	$20.69
1961	$2.85	$20.03
1962	$2.85	$19.79
1963	$3.00	$19.97
1964	$2.88	$20.32
1965	$3.01	$20.05
1966	$3.10	$20.06
1967	$3.12	$19.65
1968	$3.18	$19.17
1969	$3.32	$19.02
1970	$3.39	$18.35
1971	$3.60	$18.68
1972	$3.60	$20.03
1973	$4.75	$22.20
1974	$9.35	$39.77
1975	$7.67	$47.63
1976	$13.10	$48.36
1977	$14.40	$49.88
1978	$14.95	$48.17
1979	$25.10	$71.96
1980	$37.42	$95.50
1981	$35.75	$82.70
1982	$31.83	$69.33
1983	$29.08	$61.34
1984	$28.75	$58.14
1985	$26.92	$52.56
1986	$14.44	$27.66
1987	$17.75	$32.81
1988	$14.87	$26.45
1989	$18.33	$31.05
1990	$23.19	$37.17
1991	$20.20	$31.15
1992	$19.25	$28.81
1993	$16.75	$24.36
1994	$15.66	$22.19
1995	$16.75	$23.09
1996	$20.46	$27.38
1997	$18.64	$24.40
1998	$11.91	$15.35
1999	$16.56	$20.83
2000	$27.39	$33.39
2001	$23.00	$27.29
2002	$22.81	$26.61
2003	$27.69	$31.62
2004	$37.66	$41.84
2005	$50.04	$53.77
2006	$58.30	$60.73
2007	$64.20	$64.92

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The Monthly Averages of WTI Crude Oil priced in the US Dollar, the Euro, the Canadian Dollar and the Australian Dollar

January 2000 - Present

Month/Year	USD	Euro	CND	AUD
12/1999	$26.08	€ 25.80	$38.39	$40.69
01/2000	$27.18	€ 26.83	$39.37	$41.43
02/2000	$29.35	€ 29.85	$42.59	$46.75
03/2000	$29.89	€ 31.00	$43.66	$49.05
04/2000	$25.74	€ 27.24	$37.81	$43.19
05/2000	$28.78	€ 31.78	$43.05	$49.76
06/2000	$31.83	€ 33.49	$47.01	$53.50
07/2000	$29.77	€ 31.72	$43.99	$ 50.71
08/2000	$31.22	€ 34.52	$ 46.29	$53.75
09/2000	$33.88	€ 38.97	$50.36	$61.36
10/2000	$33.08	€ 38.80	$50.03	$62.66
11/2000	$34.40	€ 40.23	$53.06	$65.92
12/2000	$28.46	€ 31.68	$43.31	$52.07
01/2001	$29.58	€ 31.55	$44.46	$53.28
02/2001	$29.61	€ 32.17	$45.05	$55.47
03/2001	$27.24	€ 29.99	$42.43	$54.14
04/2001	$27.41	€ 30.71	$42.70	$54.65
05/2001	$28.64	€ 32.72	$44.13	$55.09
06/2001	$27.60	€ 32.36	$42.02	$53.28
07/2001	$26.45	€ 30.70	$40.49	$51.98
08/2001	$27.47	€ 30.47	$42.30	$52.35
09/2001	$25.88	€ 28.43	$40.57	$51.31
10/2001	$22.21	€ 24.55	$34.91	$44.05
11/2001	$19.67	€ 22.14	$31.32	$38.07
12/2001	$19.33	€ 21.69	$30.52	$37.62
01/2002	$19.67	€ 22.77	$31.47	$38.04
02/2002	$20.74	€ 23.82	$ 33.10	$40.45
03/2002	$24.42	€ 27.86	$38.77	$46.47
04/2002	$26.67	€ 30.09	$42.17	$ 49.82
05/2002	$27.02	€ 29.47	$41.18	$49.14
06/2002	$25.52	€ 26.69	$39.09	$44.92
07/2002	$26.94	€ 27.12	$41.63	$48.65
08/2002	$28.38	€ 29.02	$44.53	$52.42
09/2002	$29.67	€ 30.26	$46.76	$54.29
10/2002	$28.85	€ 29.40	$45.52	$ 52.43
11/2002	$26.27	€ 26.22	$41.28	$46.79
12/2002	$29.42	€ 28.86	$45.87	$52.31
01/2003	$32.94	€ 31.01	$50.77	$56.51
02/2003	$35.87	€ 33.26	$54.24	$60.23
03/2003	$33.55	€ 31.07	$49.52	$55.78
04/2003	$28.25	€ 26.01	$41.19	$46.31
05/2003	$28.14	€ 24.35	$38.94	$43.51
06/2003	$30.72	€ 26.31	$41.55	$ 46.18
07/2003	$30.76	€ 27.07	$42.50	$46.55
08/2003	$31.59	€ 28.32	$44.11	$48.47
09/2003	$28.29	€ 25.11	$38.57	$42.64
10/2003	$30.33	€ 25.91	$40.10	$43.65
11/2003	$31.09	€ 26.58	$40.82	$43.44
12/2003	$32.15	€ 26.14	$42.20	$43.53
01/2004	$ 34.27	€ 27.12	$44.40	$44.41
02/2004	$34.74	€ 27.48	$46.20	$44.71
03/2004	$36.76	€ 29.98	$48.84	$49.04
04/2004	$36.69	€ 30.60	$49.23	$49.29
05/2004	$40.28	€ 33.57	$55.24	$57.23
06/2004	$38.02	€ 31.30	$51.62	$54.81
07/2004	$40.69	€ 33.17	$53.81	$56.82
08/2004	$44.94	€ 36.86	$58.99	$63.20
09/2004	$45.95	€ 37.59	$59.18	$65.38
10/2004	$53.13	€ 42.48	$66.24	$72.41
11/2004	$48.46	€ 37.29	$58.02	$62.96
12/2004	$43.33	€ 32.32	$52.81	$56.46
01/2005	$46.84	€ 35.69	$57.37	$61.08
02/2005	$47.97	€ 36.86	$59.48	$61.40
03/2005	$54.31	€ 41.19	$66.03	$69.21
04/2005	$53.04	€ 40.98	$65.60	$68.55
05/2005	$49.83	€ 39.26	$62.57	$65.04
06/2005	$56.26	€ 46.28	$69.77	$73.38
07/2005	$58.70	€ 48.77	$71.83	$78.02
08/2005	$64.97	€ 52.84	$78.24	$85.33
09/2005	$65.57	€ 53.53	$77.23	$85.70
10/2005	$63.37	€ 52.69	$74.60	$84.09
11/2005	$58.30	€ 49.46	$68.87	$79.29
12/2005	$59.43	€ 50.11	$69.04	$ 80.13
01/2006	$65.51	€ 54.13	$75.85	$87.37
02/2006	$61.63	€ 51.62	$70.79	$83.09
03/2006	$62.90	€ 52.29	$72.79	$86.57
04/2006	$69.69	€ 56.78	$79.72	$94.58
05/2006	$70.94	€ 55.57	$78.73	$92.90
06/2006	$70.96	€ 56.05	$79.03	$95.91
07/2006	$74.41	€ 58.68	$84.04	$98.85
08/2006	$73.05	€ 57.02	$81.68	$95.73
09/2006	$63.87	€ 50.18	$71.25	$84.55
10/2006	$58.88	€ 46.67	$66.44	$78.10
11/2006	$59.37	€ 46.06	$67.45	$76.81
12/2006	$ 62.03	€ 46.99	$71.55	$78.96
01/2007	$54.57	€ 41.98	$64.15	$69.71
02/2007	$59.26	€ 45.30	$69.37	$75.67
03/2007	$60.56	€ 45.72	$70.74	$76.35
04/2007	$63.97	€ 47.34	$72.59	$77.32
05/2007	$63.46	€ 46.96	$69.44	$76.91
06/2007	$67.48	€ 50.28	$71.87	$ 80.11
07/2007	$74.18	€ 54.06	$77.93	$85.55
08/2007	$72.39	€ 53.13	$76.57	$87.31
09/2007	$79.93	€ 57.46	$82.03	$94.47
10/2007	$ 86.20	€ 60.56	$84.06	$95.82
11/2007	$94.62	€ 64.45	$91.33	$105.49
12/2007	$ 91.75	€ 63.04	$91.84	$105.22
01/2008	$ 92.95	€ 63.15	$93.85	$105.40
02/2008	$ 95.35	€ 64.62	$95.21	$104.44
03/2008*	$110.15	€ 71.64	$109.06	$118.33
% G/L since 12/1999	+ 322.35%	+ 177.72%	+184.06%	+ 190.83%

* March 2008 prices are as of March 14, 2008

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