The statistic represents the average F.O.B. cost of U.S. crude oil imports from 1975 to 2010. In 2000, this figure stood at 26.27 U.S. dollars** per barrel. According to the source, F.O.B. (“Free on Board”) denotes a transaction whereby the seller
makes the product available with an agreement on a given port at a given price.
Average F.O.B. cost of U.S. crude oil imports from 1975 to 2011*
(in nominal U.S. dollars per barrel**)
* According to the source, F.O.B. (“Free on Board”) denotes a transaction whereby the seller
makes the product available with an agreement on a given port at a given price; it is the responsibility of the buyer to
arrange for the transportation and insurance. Data through 1980 reflect the period of reporting; prices since then reflect the period of loading. ** 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.
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EIA. (March 29, 2012). Average F.O.B. cost of U.S. crude oil imports from 1975 to 2011* (in nominal U.S. dollars per barrel**) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/201764/average-fob-cost-of-us-crude-oil-imports-since-1975/
EIA. "Average F.O.B. cost of U.S. crude oil imports from 1975 to 2011* (in nominal U.S. dollars per barrel**)." Chart. March 29, 2012. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/201764/average-fob-cost-of-us-crude-oil-imports-since-1975/
EIA. (2012). Average F.O.B. cost of U.S. crude oil imports from 1975 to 2011* (in nominal U.S. dollars per barrel**). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/201764/average-fob-cost-of-us-crude-oil-imports-since-1975/
EIA. "Average F.O.B. Cost of U.S. Crude Oil Imports from 1975 to 2011* (in Nominal U.S. Dollars per Barrel**)." Statista, Statista Inc., 29 Mar 2012, https://www.statista.com/statistics/201764/average-fob-cost-of-us-crude-oil-imports-since-1975/
EIA, Average F.O.B. cost of U.S. crude oil imports from 1975 to 2011* (in nominal U.S. dollars per barrel**) Statista, https://www.statista.com/statistics/201764/average-fob-cost-of-us-crude-oil-imports-since-1975/ (last visited November 22, 2024)
Average F.O.B. cost of U.S. crude oil imports from 1975 to 2011* (in nominal U.S. dollars per barrel**) [Graph], EIA, March 29, 2012. [Online]. Available: https://www.statista.com/statistics/201764/average-fob-cost-of-us-crude-oil-imports-since-1975/
