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Consulting Case Interview Practice Questions

Category - Facts to Know

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From 1946 to 2008, what is the range of inflation adjusted average annual oil prices?
  1. $32.48 to $160.03
  2. $8.05 to $122.50
  3. $12.95 to $140.05
  4. $15.77 to $91.35
  5. $41.09 to $63.50
Explanation
Answer: d - $15.77 to $91.35 has been the range of inflation adjusted average annual oil prices.

Key Takeaway: Oil prices spiked as high as $122.64 in June 2008. Since energy prices are critical to many businesses, this is a good range to have a sense of. Note that the $15.77 number came in 1998, so it is not a product of ancient history.
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