Annual average U.S. domestic first purchase prices for crude oil from 1975 to 2016 (in nominal U.S. dollars per barrel)*

Loading statistic...
Prices in nominal U.S. dollars per barrel
19757.67
198021.59
198524.09
199020.03
199514.62
200026.72
200550.28
200659.69
200766.52
200894.04
200956.35
201074.71
201195.73
201294.52
201395.99
201487.39
201544.39
201638.29

© Statista 2017

Download Settings Share
Chart type
Datalabels
Share on Social Media
HTML code to embed chart as PNG (FAQ)
Description Source More information
The statistic represents the annual average U.S. domestic first purchase price for crude oil from 1975 to 2016. In 2013, the average price for domestic crude oil stood at almost 96 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.
Show more
Release date
March 2017
Region
United States
Survey time period
1975 to 2016
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.

Statista Accounts: Access All Statistics. Starting from $588 / Year

Statistics on "Oil and gasoline prices"

  • Global price determinants
The most important statistics
  • UK Brent
  • West Texas Intermediate (WTI)
  • OPEC basket
  • Country comparison
  • United States - prices
  • United States - taxes
The most important statistics

Related Studies: Available to Download in PDF or PPTX Format

Oil and gasoline prices

All Information
in one Presentation

Oil and gasoline prices

Everything On "Oil and gasoline prices" in One Document: Edited and Divided into Handy Chapters. Including Detailed References.

Statista for Your Company: The Research and Analysis Tool

  • Product Film
  • Statistics
  • Downloads

Our Premium Statistics - facts for your business

Currently, Statista provides more than 1 million statistics.
93 percent (all Premium content) are exclusively accessible via our professional accounts.

Unlimited access

As a Statista Premium customer, you receive unlimited access to all statistics at all times. Including downloads of data in the most common formats (XLS, PDF & PNG). Create relevant and significant statistics in no time.

You are in good company

Further Content: Statistics, Studies, and Topic Pages

Our Business Solutions: Save Time and Money

only

$588*

per year
Your advantages
  • Full access to all our statistics
  • Download as XLS, PDF & PNG
  • Relevant data: complete source information
All functions of our platform illustrated face-to-face
  • Learn how Statista supports your company
  • Extensive tour across the whole portal
  • Personal guidance by our support team
The knowledge database for your company
  • All functions of the Premium Account
  • Access to dossiers, forecasts and studies
  • Access to our international database
  • Publishing rights and other exclusive functions