Thinking on this as remember gas prices being really high before so looked up (wish talk show hosts and media would do the same). Here is the answer and it was the financial crisis that most of us lived through.
Historical oil prices from 1973 to present. All-time high: $147.27/barrel (WTI, July 2008). Explore 50+ years of crude oil price history with interactive charts, CSV downloads, and API access.

Listening to Ganum about the members crossing the floor federally and Carney called by-elections in what areLiberal ridings. Is the group that ran all those people for longest ballot going to interfere in these elections? I am pretty sure they won't as bought and paid for by the Liberals IMHO.