Annual Average Domestic Crude Oil Prices
| Annual Average Domestic Crude Oil Prices (in $/Barrel) | ||
|---|---|---|
| 1946-Present | ||
| 1969 | $3.32 | $26.03 |
| 1970 | $3.39 | $25.11 |
| 1971 | $3.60 | $25.56 |
• 12 avr. 2022
Similarly What is the lowest price of oil in history? The average price of WTI crude oil was $57 per barrel in 2019 compared to $64 in 2018. On 20 April 2020, WTI Crude futures contracts dropped below $0 for the first time in history, and the following day Brent Crude fell below $20 per barrel.
What was the price of oil in January 2021? In January of 2021, price of Brent crude was $54.77 per barrel, while the price was $49.99 dollars per barrel in December of 2020.
Additionally, How many gallons a day of gasoline does the United States consume in an average day?
How much gasoline does the United States consume? In 2021, about 134.83 billion gallons (or about 3.21 billion barrels)1 of finished motor gasoline were consumed in the United States, an average of about 369 million gallons per day (or about 8.80 million barrels per day).
What is a barrel of oil worth?
Average annual Brent crude oil price from 1976 to 2022 (in U.S. dollars per barrel)
| Characteristic | Average crude oil price in U.S. dollars per barrel |
|---|---|
| 2019 | 64.3 |
| 2018 | 71.34 |
| 2017 | 54.25 |
| 2016 | 43.67 |
• 11 avr. 2022
How much did a barrel of oil cost in 2021? Average annual Brent crude oil price from 1976 to 2022 (in U.S. dollars per barrel)
| Characteristic | Average crude oil price in U.S. dollars per barrel |
|---|---|
| 2021 | 70.68 |
| 2020 | 41.96 |
| 2019 | 64.3 |
| 2018 | 71.34 |
• 11 avr. 2022
When was the last time oil was over $100 a barrel? The industry employed 111,000 oil and gas workers in Houston the last time oil prices were above $100 a barrel in 2014.
What was the price of oil in December 2021? The values will be revised in the next publication, when the relevant prices are published. In December 2021, the price of oil in euros fell again (−7.3% after −1.4% in November).
…
| Prices in foreign currencies | Prices in euros | |
|---|---|---|
| 2021-12 | 130.3 | 150.6 |
| 2021-11 | 125.1 | 143.1 |
| 2021-10 | 127.9 | 144.0 |
| 2021-09 | 125.7 | 139.4 |
• 21 janv. 2022
How much gas does a barrel of oil make?
Petroleum refineries in the United States produce about 19 to 20 gallons of motor gasoline and 11 to 12 gallons of ultra-low sulfur distillate fuel oil (most of which is sold as diesel fuel and in several states as heating oil) from one 42-gallon barrel of crude oil.
How much is a barrel of oil 2022? Weekly crude oil prices for Brent, OPEC basket, and WTI 2019-2022. On April 11, 2022, the OPEC basket stood at 100.08 U.S. dollars per barrel, compared to 98.48 U.S. dollars for Brent oil and 94.29 U.S. dollars for WTI oil.
What fuel do American cars use?
Most of the motor gasoline sold for use in vehicles in the United States is about 10% fuel ethanol by volume. U.S. consumers use gasoline in: Cars, sport utility vehicles, light trucks, and motorcycles.
What states use the most gasoline per year? The five largest states by total fuel consumption – California, Florida, New York, Pennsylvania, and Texas – consume 56 billion gallons of fuel, which is 33 percent of total vehicle fuel consumption nationwide.
What state uses the most gasoline?
Key findings:
| Rank | State | % Change in Gallons per driver |
|---|---|---|
| 1 | Wyoming | -6.95% |
| 2 | North Dakota | -18.23% |
| 3 | Mississippi | 7.22% |
| 4 | Texas | 3.94% |
• 28 févr. 2020
Can you buy a barrel of oil?
There are many ways that you can invest in oil commodities. You can even buy actual oil by the barrel. Crude oil trades on the New York Mercantile Exchange as light sweet crude oil futures contracts, as well as other commodities exchanges around the world.
How many gallons are in a barrel? A standard U.S. barrel contains 42 gallons of crude oil which yields about 44 gallons of petroleum products.
How much gas comes from a barrel of oil? Petroleum refineries in the United States produce about 19 to 20 gallons of motor gasoline and 11 to 12 gallons of ultra-low sulfur distillate fuel oil (most of which is sold as diesel fuel and in several states as heating oil) from one 42-gallon barrel of crude oil.
How much is oil per barrel right now?
The current price of WTI crude oil as of April 14, 2022 is 106.84 per barrel.
What was the highest oil price in 2021? Crude Oil Prices – 70 Year Historical Chart
| Crude Oil Prices – Historical Annual Data | ||
|---|---|---|
| Year | Average Closing Price | Year High |
| 2022 | $95.70 | $123.70 |
| 2021 | $68.17 | $84.65 |
| 2020 | $39.68 | $63.27 |
What is the average use of gasoline per person?
On average, Americans drive 13,500 miles a year, according to U.S. Department of Transportation’s Federal Highway Administration. When you divide 13,500 miles by how many miles per gallon the F-150 gets, that means the average American uses 562 gallons of gas a year.
What is a barrel of oil worth? The current price of WTI crude oil as of April 14, 2022 is 106.84 per barrel.
