1 Nominal dollars. 2 Prices for 1974 and 1975 are for crude oil with 40 API gravity. 3 Prices from 1977 forward include 2 cents per barrel harbor dues. Based on official government-selling prices, netback values, or spot market quotations.
Prices are usually f.o.b. at the foreign port of lading.
Prices are as of the Friday that is closest to January 1, except in 1987, when prices are as of the first Friday in February. See Tables 5.16, 5.17, and 5.19 for other types of crude oil prices for the United States, such as Domestic First Purchase Prices, Landed Costs of Crude Oil Imports, and Refiner Acquisition Costs. 1979 forward - Energy Information Administration, Weekly Petroleum Status Report.