It's a number that's still numbing to think about a year later: -$37.63.
That's where West Texas Intermediate Crude closed on April 20, 2020, when oil went into an unprecedented and precipitous freefall, and zero was far from the bottom that day.
The world was so awash in oil, there was no place to store it. And, as oil went into the tank (no pun intended), gasoline followed suit. A few stations in Texas would end up lowering their prices below $1 a gallon.
A year later, oil has recovered significantly, bouncing back over $60 per barrel. Still, GasBuddy.com analyst Patrick DeHaan says the industry continues to experience lingering effects from the Oil Crash of 2020.
