The highest price for barrel of crude oil reached $128.08in July 2008.
The highest price was reached in July 2008, with a per-barrel price of $128.08
The price of a barrel of crude oil reached its highest 2008 price in the month of July when it hit $128.08 per barrel.
The price of a barrel of crude oil in February 2008 was $89.41
About $112.83 per barrel.
From 1995 to 2010, the average price of a barrel of crude went from $16.75 to about $70.00. It hit a high of $91.48 in 2008.
$128.08 per barrel in July 2008.
As a result of a downturn in the worlds economic activity the demand for crude reduces causing the price to go down.
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The highest yearly average price of oil was in 2008 when it was ~$92 per barrell.
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Oil reached $97.00 a barrel in 2008. That year, the average price for a gallon of regular gasoline was $3.27
The highest that the crude oil prices ever hit was USD$147. You can read about it and the reasons why the prices went that high here : http://english.aljazeera.net/focus/2008/09/200898133143509358.html