Headline writers & statistics: I’m confused. The third sentence in this story with the headline, “Oil closes at record high,” says: “Oil prices are up almost 50 per cent from a year ago, but would need to top $90 a barrel to exceed the inflation-adjusted peak set in 1980.” So, a “record high” of $67.40 a barrel is a record except for when it was trading at today’s equivalent of $90 a barrel.
Related: U.S. prices at the pump vs. other countries.
