Monthly average crude oil prices decreased in July. The average domestic crude oil first purchase price decreased $6.44 (7.5%) to $79.79 per barrel.
The average free-on-board (f.o.b.) cost of imported crude oil fell $1.26 (1.7%) to $73.36 per barrel. The average landed cost of foreign crude oil decreased $3.43 (4.2%) to $77.87 per barrel.
The average refiner acquisition cost for domestic crude oil decreased $5.73 (6.3%) to $84.93 per barrel, while the average cost of imported crude oil fell $2.53 (3.0%) to $81.24 per barrel. The composite refiner acquisition cost for crude oil decreased $4.65 (5.3%) to $83.65 per barrel.