Table 5.21  Crude Oil Refiner Acquisition Costs, 1968-2011
                       (Dollars per Barrel)


Year
Domestic Imported Composite
Nominal 1 Real 2 Nominal 1 Real 2 Nominal 1 Real 2
1968E
3.21 14.57 [R] 2.90 13.16 [R] 3.17 14.39 [R]
1969E
3.37 14.58 [R] 2.80 12.11 [R] 3.29 14.23 [R]
1970E
3.46 14.22 [R] 2.96 12.16 [R] 3.40 13.97 [R]
1971E
3.68 14.40 [R] 3.17 12.41 [R] 3.60 14.09 [R]
1972E
3.67 13.77 [R] 3.22 12.08 [R] 3.58 13.43 [R]
1973E
4.17 14.82 [R] 4.08 14.50 [R] 4.15 14.75 [R]
1974
7.18 23.40 [R] 12.52 40.80 [R] 9.07 29.55 [R]
1975
8.39 24.98 [R] 13.93 41.47 [R] 10.38 30.90 [R]
1976
8.84 24.89 [R] 13.48 37.95 [R] 10.89 30.66 [R]
1977
9.55 25.28 [R] 14.53 38.46 [R] 11.96 31.65 [R]
1978
10.61 26.24 [R] 14.57 36.03 [R] 12.46 30.81 [R]
1979
14.27 32.58 [R] 21.67 49.48 [R] 17.72 40.46 [R]
1980
24.23 50.70 [R] 33.89 70.91 [R] 28.07 58.73 [R]
1981
34.33 65.68 [R] 37.05 70.88 [R] 35.24 67.42 [R]
1982
31.22 56.29 [R] 33.55 60.50 [R] 31.87 57.47 [R]
1983
28.87 50.08 [R] 29.30 50.82 [R] 28.99 50.28 [R]
1984
28.53 47.70 [R] 28.88 48.28 [R] 28.63 47.86 [R]
1985
26.66 43.26 [R] 26.99 43.80 [R] 26.75 43.41 [R]
1986
14.82 23.53 [R] 14.00 22.23 [R] 14.55 23.10 [R]
1987
17.76 27.40 [R] 18.13 27.97 [R] 17.90 27.62 [R]
1988
14.74 21.98 [R] 14.56 21.72 [R] 14.67 21.88 [R]
1989
17.87 25.68 [R] 18.08 25.99 [R] 17.97 25.83 [R]
1990
22.59 31.26 [R] 21.76 30.11 [R] 22.22 30.75 [R]
1991
19.33 25.83 [R] 18.70 24.99 [R] 19.06 25.47 [R]
1992
18.63 24.32 [R] 18.20 23.76 [R] 18.43 24.06 [R]
1993
16.67 21.29 [R] 16.14 20.62 [R] 16.41 20.96 [R]
1994
15.67 19.60 [R] 15.51 19.40 [R] 15.59 19.50 [R]
1995
17.33 21.24 [R] 17.14 21.00 [R] 17.23 21.11 [R]
1996
20.77 24.98 [R] 20.64 24.82 [R] 20.71 24.90 [R]
1997
19.61 23.17 [R] 18.53 21.90 [R] 19.04 22.50 [R]
1998
13.18 15.40 [R] 12.04 14.07 [R] 12.52 14.63 [R]
1999
17.90 20.61 [R] 17.26 19.88 [R] 17.51 20.16 [R]
2000
29.11 32.81 [R] 27.70 31.22 [R] 28.26 31.85 [R]
2001
24.33 26.82 [R] 22.00 24.25 [R] 22.95 25.30 [R]
2002
24.65 26.74 [R] 23.71 25.72 [R] 24.10 26.14 [R]
2003
29.82 31.68 [R] 27.71 29.44 [R] 28.53 30.31 [R]
2004
38.97 40.26 [R] 35.90 37.09 [R] 36.98 38.21  
2005
52.94 52.94   48.86 48.86   50.24 50.24  
2006
62.62 60.66 [R] 59.02 57.17 [R] 60.24 58.35 [R]
2007
69.65 65.57 [R] 67.04 63.11 [R] 67.94 63.96 [R]
2008
98.47 90.69 [R] 92.77 85.44 [R] 94.74 87.25 [R]
2009
59.49 54.22 [R] 59.17 53.92 [R] 59.29 54.03 [R]
2010
77.96 70.24 [R] 75.88 68.37 [R] 76.69 69.10 [R]
2011
100.74 88.87   102.70 90.60   101.93 89.92  
1See "Nominal Dollars" in Glossary. Note:  Costs are for crude oil to refiners, including transportation and other fees; they do not include
crude oil purchased for the Strategic Petroleum Reserve.  The cost for each category and for the composite
is derived by dividing the sum of the total purchasing (acquisition) costs of all refiners by the total volume of
all refiners' purchases.
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.
R=Revised.  E=Estimate.   Sources:  ·  1968-1973—U.S. Energy Information Administration (EIA) estimates.  The cost of domestic
crude oil was derived by adding estimated transportation costs to the reported average domestic first
purchase value. The cost of imported crude oil was derived by adding an estimated ocean transport cost
based on the published "Average Freight Rate Assessment" to the average "Free Alongside Ship" value
published by the U.S. Bureau of the Census. The composite cost was derived by weighting domestic costs
and imported costs on the basis of quantities produced and imported.  ·  1974-January 1976—Federal
Energy Administration (FEA), Form FEA-96, "Monthly Cost Allocation Report."  ·  February
1976-1977—FEA, Form FEA-P110-M-1, "Refiners' Monthly Cost Allocation Report."  ·  1978-1984—U.S.
Energy Information Administration (EIA), Petroleum Marketing Annual, annual reports.  ·  1985
forward—EIA, Petroleum Marketing Monthly (April 2012), Table 1.