What costs $292,000 per barrel?

As the price of crude climbs in the wake of the OPEC 2% production cut announcement, we’ll be curious to see just how high the price of oil will go, and how long it will be sustained. 

The absolute peak of oil was in June 2008 at $139.05 bbl, which at a glance, seems like an excessive number, but in comparison to other products in the same amount, it’s actually quite reasonable.  Check out the price of a barrel of other household items—the prices may shock you!

priceofabarrel