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The domestic first purchase price for crude oil in the United States amounted to 93.97 nominal U.S. dollars per barrel in 2022. This figure represents a notable increase in comparison to 2020, when the lower fuel demand following mobility restrictions imposed to stave off the coronavirus pandemic resulted in a considerable fall in prices. According to the source, the average domestic first purchase price represents the average price at which all domestic crude oil is purchased. From 1976, the price represents an average of actual first purchase prices.
Annual average domestic first purchase prices for crude oil in the United States in selected years from 1975 to 2022* (in nominal U.S. dollars per barrel)
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EIA (U.S. Energy Information Administration). (May 25, 2023). Annual average domestic first purchase prices for crude oil in the United States in selected years from 1975 to 2022* (in nominal U.S. dollars per barrel) [Graph]. In Statista. Retrieved April 28, 2024, from https://www.statista.com/statistics/201759/us-domestic-first-purchase-prices-for-crude-oil-since-1975/
EIA (U.S. Energy Information Administration). "Annual average domestic first purchase prices for crude oil in the United States in selected years from 1975 to 2022* (in nominal U.S. dollars per barrel)." Chart. May 25, 2023. Statista. Accessed April 28, 2024. https://www.statista.com/statistics/201759/us-domestic-first-purchase-prices-for-crude-oil-since-1975/
EIA (U.S. Energy Information Administration). (2023). Annual average domestic first purchase prices for crude oil in the United States in selected years from 1975 to 2022* (in nominal U.S. dollars per barrel). Statista. Statista Inc.. Accessed: April 28, 2024. https://www.statista.com/statistics/201759/us-domestic-first-purchase-prices-for-crude-oil-since-1975/
EIA (U.S. Energy Information Administration). "Annual Average Domestic First Purchase Prices for Crude Oil in The United States in Selected Years from 1975 to 2022* (in Nominal U.S. Dollars per Barrel)." Statista, Statista Inc., 25 May 2023, https://www.statista.com/statistics/201759/us-domestic-first-purchase-prices-for-crude-oil-since-1975/
EIA (U.S. Energy Information Administration), Annual average domestic first purchase prices for crude oil in the United States in selected years from 1975 to 2022* (in nominal U.S. dollars per barrel) Statista, https://www.statista.com/statistics/201759/us-domestic-first-purchase-prices-for-crude-oil-since-1975/ (last visited April 28, 2024)
Annual average domestic first purchase prices for crude oil in the United States in selected years from 1975 to 2022* (in nominal U.S. dollars per barrel) [Graph], EIA (U.S. Energy Information Administration), May 25, 2023. [Online]. Available: https://www.statista.com/statistics/201759/us-domestic-first-purchase-prices-for-crude-oil-since-1975/