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Annual Energy Review

September 2012  PDF | previous editions
Release Date: September 27, 2012

Table 5.18 Crude Oil Domestic First Purchase Prices, 1949-2011 (Dollars per Barrel)
Table 5.18  Crude Oil Domestic First Purchase Prices, 1949-2011
                       (Dollars per Barrel)


Year		 Alaska North Slope California Texas U.S. Average
Nominal 1 Real 2 Nominal 1 Real 2 Nominal 1 Real 2 Nominal 1 Real 2
1949 – – – – NA NA NA NA 2.54 R 17.52
1950 – – – – NA NA NA NA 2.51 R 17.13
1951 – – – – NA NA NA NA 2.53 R 16.10
1952 – – – – NA NA NA NA 2.53 R 15.83
1953 – – – – NA NA NA NA 2.68 R 16.57
1954 – – – – NA NA NA NA 2.78 R 17.03
1955 – – – – NA NA NA NA 2.77 R 16.69
1956 – – – – NA NA NA NA 2.79 R 16.25
1957 – – – – NA NA NA NA 3.09 R 17.42
1958 – – – – NA NA NA NA 3.01 R 16.59
1959 NA NA NA NA NA NA 2.90 R 15.80
1960 NA NA NA NA NA NA 2.88 R 15.47
1961 NA NA NA NA NA NA 2.89 R 15.36
1962 NA NA NA NA NA NA 2.90 R 15.20
1963 NA NA NA NA NA NA 2.89 R 14.99
1964 NA NA NA NA NA NA 2.88 R 14.71
1965 NA NA NA NA NA NA 2.86 R 14.35
1966 NA NA NA NA NA NA 2.88 R 14.05
1967 NA NA NA NA NA NA 2.92 R 13.82
1968 NA NA NA NA NA NA 2.94 R 13.34
1969 NA NA NA NA NA NA 3.09 R 13.37
1970 NA NA NA NA NA NA 3.18 R 13.07
1971 NA NA NA NA NA NA 3.39 R 13.27
1972 NA NA NA NA NA NA 3.39 R 12.72
1973 NA NA NA NA NA NA 3.89 R 13.83
1974 NA NA NA NA NA NA 6.87 R 22.39
1975 NA NA NA NA NA NA 7.67 R 22.83
1976 NA NA NA NA NA NA 8.19 R 23.06
1977 3 6.29 3,R 16.65 7.92 R 20.96 8.58 R 22.71 8.57 R 22.68
1978 5.21 R 12.88 8.58 R 21.22 9.29 R 22.98 9.00 R 22.26
1979 10.57 R 24.13 12.78 R 29.18 12.65 R 28.88 12.64 R 28.86
1980 16.87 R 35.30 23.87 R 49.95 21.84 R 45.70 21.59 R 45.18
1981 23.23 R 44.44 26.80 R 51.27 35.06 R 67.07 31.77 R 60.78
1982 19.92 R 35.92 24.58 R 44.32 31.77 R 57.29 28.52 R 51.43
1983 17.69 R 30.68 22.61 R 39.22 29.35 R 50.91 26.19 R 45.43
1984 17.91 R 29.94 22.09 R 36.93 28.87 R 48.26 25.88 R 43.27
1985 16.98 R 27.55 22.14 R 35.93 26.80 R 43.49 24.09 R 39.09
1986 6.45 R 10.24 11.90 R 18.89 14.73 R 23.38 12.51 R 19.86
1987 10.83 R 16.71 13.92 R 21.48 17.55 R 27.08 15.40 R 23.76
1988 8.43 R 12.57 10.97 R 16.36 14.71 R 21.94 12.58 R 18.76
1989 12.00 R 17.25 14.06 R 20.21 17.81 R 25.60 15.86 R 22.79
1990 15.23 R 21.08 17.81 R 24.65 22.37 R 30.96 20.03 R 27.72
1991 11.57 R 15.46 13.72 R 18.34 19.04 R 25.45 16.54 R 22.11
1992 11.73 R 15.31 13.55 R 17.69 18.32 R 23.92 15.99 R 20.88
1993 10.84 R 13.85 12.11 R 15.47 16.19 R 20.68 14.25 R 18.20
1994 9.77 R 12.22 12.12 R 15.16 14.98 R 18.74 13.19 R 16.50
1995 11.12 R 13.63 14.00 R 17.16 16.38 R 20.07 14.62 R 17.92
1996 15.32 R 18.42 16.72 R 20.11 20.31 R 24.42 18.46 R 22.20
1997 14.84 R 17.54 15.78 R 18.65 18.66 R 22.05 17.23 R 20.36
1998 8.47 R 9.90 9.55 R 11.16 12.28 R 14.35 10.87 R 12.70
1999 12.46 R 14.35 14.08 R 16.21 17.29 R 19.91 15.56 R 17.92
2000 23.62 R 26.62 24.82 R 27.97 28.60 R 32.24 26.72 R 30.12
2001 18.18 R 20.04 20.11 R 22.17 23.41 R 25.80 21.84 R 24.07
2002 19.37 R 21.01 21.87 R 23.72 23.77 R 25.78 22.51 R 24.42
2003 23.78 R 25.26 26.43 R 28.08 29.13 R 30.94 27.56 R 29.28
2004 33.03 34.13 34.47 R 35.61 38.79 40.08 36.77 R 37.99
2005 47.05 47.05 47.08 47.08 52.61 52.61 50.28 50.28
2006 56.86 R 55.08 57.34 R 55.55 61.31 R 59.39 59.69 R 57.82
2007 63.69 R 59.96 65.07 R 61.26 68.30 R 64.30 66.52 R 62.62
2008 90.10 R 82.98 90.47 R 83.32 96.85 R 89.20 94.04 R 86.61
2009 54.41 R 49.59 56.11 R 51.14 57.40 R 52.31 56.35 R 51.35
2010 72.33 R 65.17 74.51 R 67.13 76.23 R 68.68 74.71 R 67.31
2011 98.79 87.15 102.50 90.42 91.99 81.15 95.73 84.45
1See "Nominal Dollars" in Glossary. Note:  Prices are for the marketed first sales price of domestic crude oil.  See Note 4, "Crude Oil
Domestic First Purchase Prices," at end of section.
2In chained (2005) dollars, calculated by using gross domestic product implicit price deflators in Table
D1.  See "Chained Dollars" in Glossary.		 Web Pages:  ·  See http://www.eia.gov/totalenergy/data/monthly/#prices for updated monthly and annual
data.  ·  See http://www.eia.gov/petroleum/ for related information.
3Average for July through December only. Sources:  ·  1949-1973—Bureau of Mines, Minerals Yearbook, "Crude Petroleum and Petroleum
Products" chapter.  ·  1974-January 1976—Federal Energy Administration (FEA), Form FEA-90, "Crude
Petroleum Production Monthly Report."  ·  February 1976-1977—FEA, Form FEA-P-124, "Domestic Crude
Oil Purchaser's Monthly Report."  ·  1978-1984—U.S. Energy Information Administration (EIA), Petroleum
Marketing Annual, annual reports.  ·  1985 forward—EIA, Petroleum Marketing Monthly (April 2012), Table
18.
R=Revised.  NA=Not available.  – – =Not applicable.   
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