The scarcity of crude oil is still continuing in several countries and the price of crude oil is increasing gradually from several years. The crude oil price mainly depends on the country that you reside in and in united states, the price of crude oil ins 1990 was $20 and it has gradually increased to $ 40 in the mid of 1990 to 1995. in year 1995, the crude oil price was recorded $20 and in 1995 – 2000, the price has slightly increased and then decreased.
In the year 2000, it was $ 40 and by the end of 2005 it has reached to $80. the highest that was recorded after 2005 was $ 140.