Price Decline
From Associated Press
Price per barrel paid by major Appalachian refiners for Penn Grade Crude oil from October, 1980, through October, 1994, according to documents provided by the refiners for a class-action lawsuit:
October, 1980: $36
October, 1981: $35
October, 1982: $31
October, 1983: $28
October, 1984: $27.40
October, 1985: $25
October, 1986: $15.25
October, 1987: $18
October, 1988: $14
October, 1989: $18.25
October, 1990: $36
October, 1991: $20.25
October, 1992: $20.25
October, 1993: $17
October, 1994: $15.50