In what year did Shell raise its oil prices by two to four cents?

In what year did Shell raise its oil prices by two to four cents?

• A. 1959
• B. 1961
• C. 1962
• D. 1960

Answer: (D)

Small, incremental price changes were common in mid‑twentieth‑century oil markets as costs, taxes, and competition shifted. The historical record shows that Shell raised its oil prices by two to four cents in 1960, so that year precisely matches the described adjustment. The other years listed don’t align with this specific move, so they aren’t correct for when this exact price increase occurred. This kind of question helps you connect a concrete pricing action to its time period, illustrating how pricing shifts tended to occur in small steps during that era.

Small, incremental price changes were common in mid‑twentieth‑century oil markets as costs, taxes, and competition shifted. The historical record shows that Shell raised its oil prices by two to four cents in 1960, so that year precisely matches the described adjustment. The other years listed don’t align with this specific move, so they aren’t correct for when this exact price increase occurred. This kind of question helps you connect a concrete pricing action to its time period, illustrating how pricing shifts tended to occur in small steps during that era.