Prices paid for uranium during the 1970s were higher, 43 US$/lb-U3O8 is reported as the selling price for Australian uranium in 1978 by the Nuclear Information Centre. Uranium prices reached an all-time low in 2001, costing US$7/lb, but in April 2007 the price of Uranium on the spot market rose to US$113.00/lb,[26] a high point of the uranium bubble of 2007. This was very close to the all time high (adjusted for inflation) in 1977.[27]