• U.S. crude oil prices - domestic first purchase prices 2017

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U.S. crude oil prices: annual average domestic first purchase prices 1975-2017

Annual average U.S. domestic first purchase prices for crude oil from 1975 to 2017 (in nominal U.S. dollars per barrel)*

U.S. crude oil prices: annual average domestic first purchase prices 1975-2017

The statistic represents the annual average U.S. domestic first purchase price for crude oil from 1975 to 2017. In 2017, the average price for domestic crude oil stood at about 48 nominal U.S. dollars per barrel. According to the source, nominal prices reflect the price paid for a product or service at the time of the transaction; these prices have not been adjusted to remove the effect of changes in the purchasing power of the dollar.

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	Prices in nominal U.S. dollars per barrel
1975	7.67
1980	21.59
1985	24.09
1990	20.03
1995	14.62
2000	26.72
2005	50.28
2006	59.69
2007	66.52
2008	94.04
2009	56.35
2010	74.71
2011	95.73
2012	94.52
2013	95.99
2014	87.39
2015	44.39
2016	38.29
2017	48.05

	Prices in nominal U.S. dollars per barrel
1975	7.67
1980	21.59
1985	24.09
1990	20.03
1995	14.62
2000	26.72
2005	50.28
2006	59.69
2007	66.52
2008	94.04
2009	56.35
2010	74.71
2011	95.73
2012	94.52
2013	95.99
2014	87.39
2015	44.39
2016	38.29
2017	48.05

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Release date: March 2018

Region: United States
Survey time period: 1975 to 2017
Supplementary notes: * According to the source, the average domestic first purchase price represents the average price at which all domestic crude oil is purchased. Prior to February 1976, the price represented an estimate of the average of posted prices; beginning with February 1976, the price represents an average of actual first purchase prices.
Nominal U.S. dollars reflect the buying power in the year in which the transaction occurred; not adjusted to remove the effect of changes in the purchasing power of the dollar.

Annual averages are the averages of the monthly prices, weighted by volume.

Geographic coverage is the 50 States, the District of Columbia, Puerto Rico, the Virgin Islands, and all U.S. Territories and Possessions.

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