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U.S. crude oil prices: annual average domestic first purchase prices 1975-2017
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)*
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.
Annual average U.S. domestic first purchase prices for crude oil from 1975 to 2017 (in nominal U.S. dollars per barrel)*
Loading statistic...
| 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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Description
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More information
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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- 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.
Source
- Show sources information
- Show publisher information
- Release date
- March 2018
More information
- 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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