Then there was the 8 Dollars per Barrel days that nearly bankrupted the Saudi Royal Family.
In Alaska at the end of the Pipeline Construction....we saw the very same kinds of signs everywhere....car dealers, apartment complexes, real estate brokerages, aircraft operators, trucking companies......even the Bawdy Houses and Street Walkers felt the impact!
Chart showing Oil Prices since the 1950's.....lots of ups and downs....with HUGE swings!
I found the Ten Year Chart informative......and of more pertinent than the initial 1950's chart.
https://www.macrotrends.net/1369/cru...-history-chart