Economy · Oil and natural gas
| Year | Average | Year close |
|---|---|---|
| 1946 | $1.36 | $1.62 |
| 1947 | $1.84 | $2.07 |
| 1948 | $2.57 | $2.57 |
| 1949 | $2.57 | $2.57 |
| 1950 | $2.57 | $2.57 |
| 1951 | $2.57 | $2.57 |
| 1952 | $2.57 | $2.57 |
| 1953 | $2.72 | $2.82 |
| 1954 | $2.82 | $2.82 |
| 1955 | $2.82 | $2.82 |
| 1956 | $2.82 | $2.82 |
| 1957 | $3.04 | $3.00 |
Source: FRED WTISPLC (Spot Crude Oil Price: West Texas Intermediate (WTI)). Federal Reserve Bank of St. Louis.
Gray bands mark U.S. recessions as dated by the NBER (FRED USREC).
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