Monthly average crude oil prices increased in May. The average domestic crude oil first purchase price increased $6.89 (7.0%) to $104.88 per barrel.
The average free-on-board (f.o.b.) cost of imported crude oil rose $0.06. (0.1%) to $88.36 per barrel. The average landed cost of foreign crude oil increased $2.75 (3.0%) to $93.64 per barrel.
The average refiner acquisition cost for domestic crude oil increased $7.85 (7.8%) to $107.86 per barrel, while the average cost of imported crude oil rose $3.06 (3.2%) to $99.03 per barrel. The composite refiner acquisition cost for crude oil increased $6.11 (6.2%) to $104.63 per barrel.