On the recordOctober 31, 2001
It was a little over $30. As a matter of fact, they basically came together and set a floor and a ceiling. The floor was $22 and the ceiling was $25. If it goes up above that, that is fine for awhile. Then they increase production and bring it down. Of course, what has happened with this terrorist activity is less jet fuel is used, less automobile gasoline. So we temporarily have a surplus and we are seeing that, but now OPEC is reducing their supply.
Source
govinfo.gov
