Table 3.1 Fossil Fuel Production Prices, 1949-2007 (Dollars per Million Btu)

Table 3.1 Fossil Fuel Production Prices, 1949-2007
(Dollars per Million Btu)

Year

Coal ¹

Natural Gas ²

Crude Oil ³

Fossil Fuel Composite ⁴

Nominal ⁵

Real ⁶

Nominal ⁵

Real ⁶

Nominal ⁵

Real ⁶

Nominal ⁵

Real ⁶

Percent
Change ⁷

1949

0.21

1.29

0.05

0.33

0.44

2.68

0.26

1.60

– –

1950

.21

1.25

.06

.38

.43

2.62

.26

1.54

-3.6

1951

.21

1.19

.06

.36

.44

2.46

.26

1.46

-5.3

1952

.21

1.17

.07

.40

.44

2.42

.26

1.45

-1.0

1953

.21

1.14

.08

.44

.46

2.53

.27

1.49

3.3

1954

.19

1.04

.09

.49

.48

2.60

.28

1.50

1955

.19

.99

.09

.48

2.55

.27

1.45

-3.7

1956

.20

1.03

.10

.51

.48

2.48

.28

1.44

-.8

1957

.21

1.05

.10

.49

.53

2.66

.30

1.49

3.9

1958

.20

.99

.11

.53

.52

2.53

.29

1.43

-4.4

1959

.20

.96

.12

.57

.50

2.41

.29

1.38

-3.4

1960

.19

.92

.13

.60

.50

2.36

.28

1.35

-2.3

1961

.19

.90

.14

.64

.50

2.34

.29

1.35

(s)

1962

.19

.86

.15

.67

.50

2.32

.29

1.33

-1.0

1963

.18

.84

.15

.67

.50

2.29

.28

1.30

-2.5

1964

.19

.84

.14

.62

.50

2.24

.28

1.25

-3.8

1965

.18

.82

.15

.65

.49

2.19

.28

1.23

-1.5

1966

.19

.81

.15

.63

.50

2.14

.28

1.21

-1.9

1967

.19

.80

.15

.61

.50

2.11

.28

1.19

-1.5

1968

.19

.78

.14

.58

.51

2.04

.29

1.14

-3.9

1969

.21

.80

.15

.59

.53

2.04

.30

1.15

1970

.27

.97

.15

.56

.55

1.99

.32

1.15

1971

.30

1.05

.16

.56

.58

2.02

.34

1.18

2.1

1972

.33

1.09

.17

.57

.58

1.94

.35

1.16

-1.4

1973

.37

1.15

.20

.63

.67

2.11

.40

1.25

7.7

1974

.69

1.98

.27

.79

1.18

3.41

.68

1.95

55.8

1975

.85

2.22

.40

1.06

1.32

3.48

.82

2.16

10.9

1976

.86

2.13

.53

1.32

1.41

3.51

.90

2.24

3.8

1977

.88

2.07

.72

1.69

1.48

3.46

1.01

2.36

5.1

1978

.98

2.15

.84

1.83

1.55

3.39

1.12

2.44

3.4

1979

1.06

2.14

1.08

2.18

4.40

1.42

2.86

17.3

1980

1.10

2.04

1.45

2.68

3.72

6.89

2.04

3.78

32.1

1981

1.18

2.00

1.80

3.04

5.48

9.27

2.75

4.64

22.9

1982

1.23

1.95

2.22

3.54

4.92

7.84

2.76

4.40

-5.3

1983

1.18

1.81

2.32

3.56

4.52

6.93

2.70

4.14

-5.8

1984

1.16

1.72

2.40

3.55

4.46

6.60

2.65

3.91

-5.6

1985

1.15

1.65

2.26

3.24

4.15

5.96

2.51

3.60

-7.8

1986

1.09

1.52

1.75

2.45

2.16

3.03

1.65

2.32

-35.6

1987

1.05

1.44

1.50

2.05

2.66

3.63

1.70

2.32

1988

1.01

1.34

1.52

2.01

2.17

2.87

1.53

2.03

-12.8

1989

1.00

1.28

1.53

1.94

2.73

3.48

1.67

2.13

5.0

1990

1.00

1.22

1.55

1.90

3.45

4.23

1.84

2.26

6.2

1991

.99

1.17

1.48

1.75

2.85

3.38

1.67

1.98

-12.5

1992

.97

1.12

1.57

1.82

2.76

3.19

1.66

1.92

-3.0

1993

.93

1.05

1.84

2.09

2.46

2.78

1.67

1.89

-1.5

1994

.91

1.01

1.67

1.86

2.27

2.52

1.53

1.69

-10.4

1995

.88

.96

1.40

1.52

2.52

2.74

1.47

1.60

-5.5

1996

.87

.92

1.96

2.09

3.18

3.39

1.82

1.94

21.3

1997

.85

.89

2.10

2.20

2.97

3.11

1.81

1.89

-2.4

1998

.83

.86

1.77

1.83

1.87

1.94

1.41

1.46

-22.8

1999

.79

.81

1.98

2.02

2.68

2.74

1.65

1.69

15.4

2000

.80

3.32

4.61

2.60

54.2

2001

.84

.82

3.62

3.54

3.77

3.68

2.53

2.47

-4.9

2002

.87

.84

2.67

2.56

3.88

3.73

2.21

2.12

-14.2

2003

.87

.82

4.41

4.15

4.75

4.47

3.09

2.91

37.1

2004

.98

.89

4.94

^R4.51

6.34

5.79

3.61

3.30

13.4

2005

1.16

1.03

^R6.63

^R5.87

8.67

^R7.67

^R4.73

^R4.19

^R27.1

2006

^R1.24

^R1.06

^R5.80

^R4.98

10.29

^R8.83

^R4.73

4.06

^R-3.2

2007^P

1.25

1.04

5.79

4.84

11.47

9.58

4.99

4.17

2.8

¹Free-on-board (f.o.b.) rail/barge prices, which are the f.o.b. prices of coal at the point of first sale, excluding freight or shipping and insurance costs. See "Free on Board (F.O.B.)" in Glossary.					⁶In chained (2000) dollars, calculated by using gross domestic product implicit price deflators in Table D1. See "Chained Dollars" in Glossary.
²Wellhead prices (converted to dollars per million Btu using marketed production heat contents). See "Natural Gas Wellhead Price" in Glossary.					⁷Based on real values.
³Domestic first purchase prices. See "Crude Oil Domestic First Purchase Price" in Glossary.					R=Revised. P=Preliminary. — = Not applicable. (s)=Less than -0.05 percent
⁴Derived by multiplying the price per Btu of each fossil fuel by the total Btu content of the production of each fossil fuel and dividing this accumulated value of total fossil fuel production by the accumulated Btu content of total fossil fuel production.					Sources: Tables 5.18, 6.7, 7.8, A2, A4, and A5.
⁵See "Nominal Dollars" in Glossary.