"Penny Lane'' by The Beatles Limited Edition Prints of Original PaintingRecorded during the Sgt. Pepper sessions, Penny Lane was released in February 1967 as one side of a double A sided single, along with Strawberry Fields Forever. With its vision of blue suburban skies and boundlessly confident vigour, Penny Lane distills the spirit of that time more perfectly than any other creative product of the mid sixties. Ian MacDonald In 2004, Rolling Stone ranked "Penny Lane" at number 456 on its list of the 500 Greatest Songs