From 1985 to 2005, the price of crude oil averaged $33 per barrel in today's dollars. It has averaged $85 per barrel since President Obama took office. Americans consume about 19 million barrels of oil every day. The difference between the two prices amounts to a $980 million daily loss by American consumers. That's $360 billion per year and $1.7 trillion since Mr. Obama took office.Subscribe to Read!