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WTI Crude Oil Spot Price is at a current level of 46.28, up from 45.54 the previous market day and down from 89.76 one year ago.This is a change of 1.62% from the previous market day and -48.44% from one year ago.1  Category: Energy.2  Region: N/A.TI Crude Oil Spot Price is at a current level of 46.28, up from 45.54 the previous market day and down from 89.76 one year ago. This is a change of 1.62% from the previous market day and -48.44% from one year ago. 1  Category: Energy. 2  Region: N/A.
Oil prices are plunging, and while consumers may be rejoicing at the gas pump, the world is watching with increasing alarm. The average price for a gallon of gas in the U.S. is $3.18, down from $3.27 a week ago and $3.39 a month ago.It's an astonishing fall in such a short time, one that has been foretold by the ongoing decline in oil prices. That trend continued this week.On Tuesday alone, oil prices fell the most in one day since June 2012, with U.S. benchmark WTI crude dropping to around $81.84 a barrel -- its lowest point in years.t's an astonishing fall in such a short time, one that has been foretold by the ongoing decline in oil prices. That trend continued this week. On Tuesday alone, oil prices fell the most in one day since June 2012, with U.S. benchmark WTI crude dropping to around $81.84 a barrel -- its lowest point in years.