Oil Tops Inflation-Adjusted Record Set in 1980

The day’s highest trading price, $103.95 a barrel on the New York Mercantile Exchange, broke the record set in April 1980 during the second oil shock. That price, $39.50 a barrel, equals $103.76 today, when adjusted for inflation. For full article go to:

http://www.nytimes.com/2008/03/04/business/worldbusiness/04oil.html?ex=1362373200&en=026b626338002ccc&ei=5124&partner=permalink&exprod=permalink