Table 1. Crude Oil Prices (Dollars per Barrel) ________________________________________________________________________________ | | | | | | Average | Average | Refiner Acquisition Cost of | Domestic | F.O.B.(1)| Landed | Crude Oil Year | First | Cost of | Cost of |________________________________ Month | Purchase | Crude | Crude | | | | Prices | Oil | Oil | Domestic | Imported | Composite | |Imports(2)|Imports(2)| | | ______________|__________|__________|__________|__________|__________|__________ 1978 ......... 9.00 13.29 14.35 10.61 14.57 12.46 1979 ......... 12.64 20.07 21.45 14.27 21.67 17.72 1980 ......... 21.59 32.37 33.67 24.23 33.89 28.07 1981 ......... 31.77 35.15 36.47 34.33 37.05 35.24 1982 ......... 28.52 32.02 33.18 31.22 33.55 31.87 1983 ......... 26.19 27.81 28.93 28.87 29.30 28.99 1984 ......... 25.88 27.60 28.54 28.53 28.88 28.63 1985 ......... 24.09 25.84 26.67 26.66 26.99 26.75 1986 ......... 12.51 12.52 13.49 14.82 14.00 14.55 1987 ......... 15.40 16.69 17.65 17.76 18.13 17.90 1988 ......... 12.58 13.25 14.08 14.74 14.56 14.67 1989 ......... 15.86 16.89 17.68 17.87 18.08 17.97 1990 ......... 20.03 20.37 21.13 22.59 21.76 22.22 1991 ......... 16.54 16.89 18.02 19.33 18.70 19.06 1992 ......... 15.99 16.77 17.75 18.63 18.20 18.43 1993 ......... 14.25 14.71 15.72 16.67 16.14 16.41 1994 ......... 13.19 14.18 15.18 15.67 15.51 15.59 1995 ......... 14.62 15.69 16.78 17.33 17.14 17.23 1996 ......... 18.46 19.32 20.31 20.77 20.64 20.71 1997 ......... 17.23 16.94 18.11 19.61 18.53 19.04 1998 ......... 10.87 10.76 11.84 13.18 12.04 12.52 1999 ......... 15.56 16.47 17.23 17.90 17.26 17.51 2000 ......... 26.72 26.27 27.53 29.11 27.70 28.26 2001 ......... 21.84 20.46 21.82 24.33 22.00 22.95 2002 ......... 22.51 22.63 23.91 24.65 23.71 24.10 2003 ......... 27.56 25.86 27.69 29.82 27.71 28.53 2004 ......... 36.77 33.75 36.07 38.97 35.90 36.98 2005 January... 40.18 35.76 38.49 41.82 37.56 39.01 February.. 42.19 39.06 40.71 43.80 39.72 41.05 March..... 47.56 44.29 45.95 48.87 45.73 46.78 April..... 47.26 43.90 45.43 49.64 45.25 46.71 May....... 44.03 42.88 44.51 47.91 43.19 44.84 June...... 49.83 48.53 49.99 52.13 49.28 50.30 July...... 53.35 51.87 53.85 55.80 52.79 53.83 August.... 58.90 57.10 58.33 60.57 58.67 59.30 September. 59.64 57.87 58.26 62.84 58.79 60.18 October... 56.99 52.69 54.32 60.79 55.31 57.18 November.. 53.20 48.82 51.03 56.52 49.97 52.13 December.. 53.24 50.06 52.04 55.89 50.85 52.51 2005 ......... 50.28 47.60 49.29 52.94 48.86 50.24 2006 January... 57.85 53.93 55.49 60.22 55.85 57.33 February.. 55.69 51.34 53.25 58.97 52.80 54.82 March..... 55.64 54.67 56.59 58.48 55.31 56.38 April..... 62.52 62.09 63.40 64.06 62.41 62.98 May....... 64.40 62.95 64.64 67.11 64.39 65.34 June...... 64.65 61.44 64.42 67.76 63.79 65.13 July...... 67.71 65.67 67.88 70.55 67.99 68.86 August.... 67.21 62.68 65.14 70.48 66.45 67.77 September. 59.37 54.63 57.20 62.51 57.29 58.92 October... 53.26 50.64 52.83 56.67 52.70 54.04 November.. 52.42 51.48 53.01 55.36 52.70 53.61 December.. 55.03 52.82 54.53 57.81 54.97 55.98 2006.......... 59.69 57.03 59.11 62.62 59.02 60.24 2007 January... 49.32 48.11 50.53 53.10 49.57 50.77 February.. 52.94 51.97 54.04 55.72 53.77 54.45 March..... 54.95 55.46 57.42 57.86 56.31 56.84 April..... 58.20 59.53 60.99 61.13 60.45 60.68 May....... 58.90 60.72 62.92 62.04 61.55 61.71 June...... 62.35 64.38 66.26 64.95 65.24 65.14 July...... 69.23 69.30 70.51 72.08 70.75 71.24 August.... 67.77 66.69 69.07 71.57 68.28 69.46 September. 73.27 72.21 73.92 75.84 72.34 73.54 October... 79.32 78.51 79.45 82.20 78.61 79.87 November.. 87.16 83.75 84.89 89.25 85.53 86.78 December.. 85.28 82.85 84.28 88.98 83.21 85.29 2007.......... 66.52 66.36 67.97 69.65 67.04 67.94 ________________________________________________________________________________ 1 Free on Board. See Glossary. 2 Values through 1980 reflect the month of reporting; values since then reflect the month of acquisition, which can be the month of loading, the month of landing, or sometime between those events. Prices for crude oil can be determined at a time other than the acquisition date. See the Explanatory Notes section for additional detail. Note: In January 2004, new crude streams were added and selected crude streams were discontinued for California, Gulf Coast, Oklahoma, and Texas. Sources: Domestic first purchase prices -- See "Sources" from Table 21. Crude oil imports costs -- See "Sources" from Table 24. Refiner acquisition costs -- Energy Information Administration, Form FEA-P110-M-1, "Refiners' Monthly Cost Allocation Report," January 1978 through June 1978; Form ERA-49, "Domestic Crude Oil Entitlements Program Refiners' Monthly Report," July 1978 through December 1980; Form EIA-14, "Refiners' Monthly Cost Report," January 1981 to present.