The domestic first purchase price for crude oil in the United States amounted to 65.9 nominal U.S. dollars per barrel in 2021. This figure represents a notable increase in comparison to the previous year, 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.
Annual average domestic first purchase prices for crude oil in the United States in selected years from 1975 to 2021*
(in nominal U.S. dollars per barrel)
* 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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EIA (U.S. Energy Information Administration). (March 29, 2022). Annual average domestic first purchase prices for crude oil in the United States in selected years from 1975 to 2021* (in nominal U.S. dollars per barrel) [Graph]. In Statista. Retrieved June 25, 2022, from https://www.statista.com/statistics/201759/us-domestic-first-purchase-prices-for-crude-oil-since-1975/
EIA (U.S. Energy Information Administration). "Annual average domestic first purchase prices for crude oil in the United States in selected years from 1975 to 2021* (in nominal U.S. dollars per barrel)." Chart. March 29, 2022. Statista. Accessed June 25, 2022. https://www.statista.com/statistics/201759/us-domestic-first-purchase-prices-for-crude-oil-since-1975/
EIA (U.S. Energy Information Administration). (2022). Annual average domestic first purchase prices for crude oil in the United States in selected years from 1975 to 2021* (in nominal U.S. dollars per barrel). Statista. Statista Inc.. Accessed: June 25, 2022. https://www.statista.com/statistics/201759/us-domestic-first-purchase-prices-for-crude-oil-since-1975/
EIA (U.S. Energy Information Administration). "Annual Average Domestic First Purchase Prices for Crude Oil in The United States in Selected Years from 1975 to 2021* (in Nominal U.S. Dollars per Barrel)." Statista, Statista Inc., 29 Mar 2022, https://www.statista.com/statistics/201759/us-domestic-first-purchase-prices-for-crude-oil-since-1975/
EIA (U.S. Energy Information Administration), Annual average domestic first purchase prices for crude oil in the United States in selected years from 1975 to 2021* (in nominal U.S. dollars per barrel) Statista, https://www.statista.com/statistics/201759/us-domestic-first-purchase-prices-for-crude-oil-since-1975/ (last visited June 25, 2022)
