On today's date February 22, 2015. it ended at almost fifty dollars a barrel. It flutuiates according to many variables. Sometimes demand plays a part. Sometimes supply plays a part. Sometimes things happening in countries in the Mideast that may supply oil to our country. Sometimes the economies of other countries and the devalueing of the dollar of not may have effect. I used to say that when someone breathes hard it can make the price of oil go up.
This is my personal opinion that when oil when up so high it harms our economy. Transporting costs makes cost of items higher and also gives less money in the pockets for consumers to spend.
Gas has been over $100 a barrel.
Oil exporation in our country and using our valuable assets is important to the price of oil for our countrys benefit.