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 US Consumers See Inflation Cooling Natural Gas Outpaces Oil Growth in the Permian Basin Through 2025 Oil Prices Jump on News of Iranian Withdrawal from Peace Talks