The statistic represents the average U.S. refiner acquisition cost of composite crude oil between 1985 and 2011. In 2000, this figure stood at around 28.26 U.S. dollars per barrel. According to the source, nominal U.S. dollars reflect the buying power in the year in which the transaction occurred; not adjusted to remove the effect of changes in the purchasing power of the dollar.
Average U.S. refiner acquisition cost of composite crude oil from 1985 to 2011*
(in nominal U.S. dollars per barrel**)
* According to the source, the refiner acquisition cost of crude oil is the average price paid by refiners for crude oil booked into their refineries in accordance with accounting procedures generally accepted and consistently and historically applied by the refiners concerned. Composite averages include oil purchased for the Strategic Petroleum Reserve (SPR). Crude oil costs and volumes exclude unfinished oils but include SPR. ** Nominal U.S. dollars reflect the buying power in the year in which the transaction occurred; not adjusted to remove the effect of changes in the purchasing power of the dollar.
Annual averages are the averages of the monthly prices, weighted by volume. Geographic coverage is the 50 States, the District of Columbia, Puerto Rico, the Virgin Islands, and all U.S. Territories and Possessions. The abbreviation EIA stands for U.S. Energy Information Administration.
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EIA. (August 30, 2012). Average U.S. refiner acquisition cost of composite crude oil from 1985 to 2011* (in nominal U.S. dollars per barrel**) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/201785/average-us-refiner-acquisition-cost-of-composite-crude-oil-since-1985/
EIA. "Average U.S. refiner acquisition cost of composite crude oil from 1985 to 2011* (in nominal U.S. dollars per barrel**)." Chart. August 30, 2012. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/201785/average-us-refiner-acquisition-cost-of-composite-crude-oil-since-1985/
EIA. (2012). Average U.S. refiner acquisition cost of composite crude oil from 1985 to 2011* (in nominal U.S. dollars per barrel**). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/201785/average-us-refiner-acquisition-cost-of-composite-crude-oil-since-1985/
EIA. "Average U.S. Refiner Acquisition Cost of Composite Crude Oil from 1985 to 2011* (in Nominal U.S. Dollars per Barrel**)." Statista, Statista Inc., 30 Aug 2012, https://www.statista.com/statistics/201785/average-us-refiner-acquisition-cost-of-composite-crude-oil-since-1985/
EIA, Average U.S. refiner acquisition cost of composite crude oil from 1985 to 2011* (in nominal U.S. dollars per barrel**) Statista, https://www.statista.com/statistics/201785/average-us-refiner-acquisition-cost-of-composite-crude-oil-since-1985/ (last visited December 21, 2024)
Average U.S. refiner acquisition cost of composite crude oil from 1985 to 2011* (in nominal U.S. dollars per barrel**) [Graph], EIA, August 30, 2012. [Online]. Available: https://www.statista.com/statistics/201785/average-us-refiner-acquisition-cost-of-composite-crude-oil-since-1985/
