Average U.S. refiner acquisition cost of imported crude oil

The statistic represents the average U.S. refiner acquisition cost of imported crude oil between 1985 and 2011. In 2000, this figure stood at around 27.7 U.S. dollars per barrel. According to the source, 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.

Average U.S. refiner acquisition cost of imported crude oil from 1985 to 2011*

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Source

Release date

August 2012

Region

United States

Survey time period

1985 to 2011

Supplementary notes

* According to the source, the refiner acquisition cost of crude oil is the average price paid by refiners for crude oil booked into their refineries in accordance with accounting procedures generally accepted and consistently and historically applied by the refiners concerned. Imported averages exclude oil purchased for the Strategic Petro- leum Reserve (SPR). Crude oil costs and volumes exclude unfinished oils.
** 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.
The abbreviation EIA stands for U.S. Energy Information Administration.

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