U.S. crude oil prices: F.O.B. import cost

The statistic represents the average F.O.B. cost of U.S. crude oil imports from 1975 to 2010. In 2000, this figure stood at 26.27 U.S. dollars** per barrel. According to the source, F.O.B. (“Free on Board”) denotes a transaction whereby the seller makes the product available with an agreement on a given port at a given price.

Average F.O.B. cost of U.S. crude oil imports from 1975 to 2011*

Cost in nominal U.S. dollars per barrel**
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Source

Release date

March 2012

Region

United States

Survey time period

1975 to 2011

Supplementary notes

* According to the source, F.O.B. (“Free on Board”) denotes a transaction whereby the seller makes the product available with an agreement on a given port at a given price; it is the responsibility of the buyer to arrange for the transportation and insurance. Data through 1980 reflect the period of reporting; prices since then reflect the period of loading.
** 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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