Economic
expansion.
$3.36
$0.55
$1.25
$0.46
$0.83
1884
$9.66
$1.50
$1.25
$0.42
$3.75
1872
$24.67
$4.59
$2.50
$0.30
$6.50
1865
Price of refined oil
Transport
Cost of wooden barrel
Cost of refining
Price of crude
Year
N. B.
Standard Oil’s cost of refining: $0.22
Source:
Stanley Lebergott, The Americans: an
Economic Record. New York: Norton, 1984, p. 334.