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Interactive charts of West Texas Intermediate (WTI or NYMEX) crude oil prices per barrel back to 1946. The price of oil shown is adjusted for inflation using the headline CPI and is shown by default on a logarithmic scale. The current month is updated on an hourly basis with today's latest value.
Apr 13, 2022 · Oil Prices by Year: Average, High, Low, and Events . The following chart shows the nominal value for imported crude oil according to the U.S. Energy Information Administration. The first column shows the average annual price. It's followed by the monthly high and low oil prices for that year.
Annual average domestic first purchase prices for crude oil in the United States from 1859 to 2022 (in nominal U.S. dollars per barrel) [Graph], EIA, January 6, 2022. [Online].
The average inflation-adjusted price for crude oil since 1946 is $54.90, which is still about one-third of the 2008 price. The average inflation-adjusted price since 1980 is higher at $67.74. The average inflation-adjusted price since 2000 is even higher at $76.30.
Since 1869 US crude oil prices adjusted for inflation have averaged $21.05 per barrel in 2006 dollars compared to $21.66 for world oil prices. Fifty percent of the time prices U.S. and world prices were below the median oil price of $16.71 per barrel.
Aug 16, 2023 · Factors that affect oil prices such as hurricanes and extreme weather, political events, and OPEC oil production targets and spare crude oil production capacity.
Oct 2, 2023 · Crude oil and petroleum statistics. Data for the United States for 2022, unless otherwise indicated. Units are in barrels per day (b/d), except where noted. Prices are nominal prices.
