Oil Still Expensive in Real Terms By Young Research - November 28, 2014 While oil prices have been dropping fast, in real terms prices are still well aboveย their long-term averages. Share this: Email a link to a friend (Opens in new window) Email Share on X (Opens in new window) X Share on Facebook (Opens in new window) Facebook RELATED ARTICLESMORE FROM AUTHOR U.S. Inflation Accelerates to 3.7% as Gasoline Prices Surge The Fuel of Life Is Expensive Atlanta Fed Survey Shows Inflation Expectations Cooling