Monthly average crude oil prices increased in February. The average domestic crude oil first purchase price increased $4.00 (6.8%) to $62.44 per barrel.
The average free-on-board (f.o.b.) cost of imported crude oil rose $4.29 (8.3%) to $55.83 per barrel. The average landed cost of foreign crude oil decreased $3.29 (5.9%) to $59.44 per barrel.
The average refiner acquisition cost for domestic crude oil increased $3.30 (5.4%) to $64.77 per barrel, while the average cost of imported crude oil rose $2.34 (4.0%) to $61.39 per barrel. The composite refiner acquisition cost for crude oil increased $2.91(4.8%) to $63.51 per barrel.