Originally Posted by
Bluedriver
Using a historical inflation calculator, oils previous record of $145 in 2008 translates to a price of $189 today just to match it's previous record high.
Stop wetting the bed.
https://www.usinflationcalculator.com/
Except that oil should be deflationary and its cost should decrease over time as we have better technology to extract more and more of it. The fact that it is increasing is a very bad sign.