Current price of oil as of September 9, 2026
When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.
As of September 9, 2026, at 7 a.m. Eastern Time, the current price of oil stands at $102.05 per barrel, based on the benchmark of Brent crude oil. This marks a $2.20 increase since yesterday morning and a substantial $35 rise compared to the same time last year. In the past month, the price was $99.85 per barrel, while a year ago it was $85.46 per barrel.
Looking back over the past decade, oil prices have seen significant fluctuations driven by factors such as geopolitical events, economic conditions, and changes in supply and demand. With oil still accounting for over half of the price consumers pay at the gas pump, along with refining, distribution, taxes, and station margins, even small changes in oil prices can have a noticeable impact on gasoline costs.
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