Domestic first purchase crude oil prices in the U.S. 1975-2023
The domestic first purchase price for crude oil in the United States amounted to 76.1 nominal U.S. dollars per barrel in 2023. This figure represents an increase in comparison to 2020, when the lower fuel demand following mobility restrictions imposed to stave off the coronavirus pandemic resulted in a considerable fall in prices. According to the source, the average domestic first purchase price represents the average price at which all domestic crude oil is purchased. From 1976, the price represents an average of actual first purchase prices.