Petroleum Average Annual Prices by Product
Nebraska, 1970-2004


The prices in the table below are in nominal dollars per million Btu to make a comparison easier among the petroleum products.  Aviation gasoline ($15.13) had the highest price among the petroleum products in 2004, closely followed by motor gasoline ($14.47).  The rest of the petroleum products from highest to lowest price were:  propane ($13.35), distillate fuel ($11.80), kerosene ($10.70), jet fuel ($8.77), and residual fuel ($5.02).

All petroleum product prices increased from 2003 to 2004.  Price increases were as follows:  jet fuel 33.1 percent, residual fuel 29.7 percent, distillate fuel 24.2 percent, aviation gasoline 21.8 percent, kerosene 20.2 percent, motor gasoline 19.5 percent, and propane 14.1 percent.


Year Aviation
Gasoline
Distillate
Fuel
Jet Fuel Kerosene Motor
Gasoline
Propane Residual
Fuel
1970 $2.17 $0.95 $0.75 $1.18 $3.03 $1.56 $0.48
1971 $2.21 $0.99 $0.78 $1.21 $3.00 $1.54 $0.60
1972 $2.19 $1.01 $0.78 $1.23 $3.00 $1.59 $0.71
1973 $2.36 $1.28 $0.93 $1.51 $3.21 $2.49 $0.70
1974 $3.23 $2.20 $1.60 $2.42 $4.27 $2.93 $1.62
1975 $3.45 $2.38 $2.09 $2.63 $4.76 $3.07 $1.74
1976 $3.59 $2.61 $2.26 $2.88 $5.06 $3.41 $1.76
1977 $3.97 $2.92 $2.69 $3.23 $5.29 $3.84 $1.86
1978 $4.29 $3.06 $2.90 $3.44 $5.50 $3.62 $1.70
1979 $5.73 $4.24 $4.03 $4.24 $7.41 $4.21 $2.26
1980 $9.02 $6.24 $6.47 $5.56 $10.06 $5.70 $3.21
1981 $10.84 $7.60 $7.60 $7.57 $11.37 $5.84 $4.38
1982 $10.92 $7.07 $7.19 $7.05 $10.71 $6.09 $4.22
1983 $10.44 $6.82 $6.63 $7.58 $9.61 $6.52 $4.46
1984 $10.27 $6.79 $6.50 $7.69 $9.55 $6.29 $4.65
1985 $9.99 $6.51 $6.19 $7.60 $9.67 $7.19 $4.28
1986 $8.41 $5.61 $4.43 $5.05 $7.28 $7.41 $2.71
1987 $7.55 $6.03 $4.38 $5.14 $7.58 $7.07 $2.53
1988 $7.41 $5.62 $4.14 $4.91 $7.22 $7.20 $2.17
1989 $8.28 $6.31 $4.54 $6.06 $8.42 $7.59 $2.04
1990 $9.32 $7.51 $6.03 $8.12 $9.49 $9.20 $2.22
1991 $8.71 $7.19 $5.01 $6.61 $9.43 $8.13 $2.02
1992 $8.54 $7.03 $4.64 $6.57 $9.09 $7.61 $1.97
1993 $8.24 $6.99 $4.33 $5.95 $9.08 $6.80 $2.27
1994 $7.96 $6.85 $3.99 $5.60 $9.21 $7.23 $2.08
1995 $8.36 $6.90 $4.01 $5.20 $9.22 $7.32 $2.38
1996 $9.29 $7.99 $4.89 $6.07 $10.02 $8.99 $2.94
1997 $9.39 $7.55 $4.59 $5.84 $9.63 $9.04 $2.65
1998 $8.11 $6.35 $3.49 $4.46 $8.20 $7.27 $2.55
1999 $8.81 $7.09 $4.08 $4.97 $8.72 $7.55 $2.65
2000 $10.87 $9.52 $6.76 $8.76 $11.64 $11.53 $3.88
2001 $11.01 $8.87 $5.94 $8.53 $11.44 $11.52 $4.04
2002 $10.72 $8.26 $5.44 $7.95 $10.69 $9.53 $3.40
2003 $12.42 $9.50 $6.59 $8.90 $12.11 $11.70 $3.87
2004 $15.13 $11.80 $8.77 $10.70 $14.47 $13.35 $5.02

Sources:  State Energy Price and Expenditure Report.  Energy Information Administration, Washington, DC.  Nebraska Energy Office, Lincoln, NE.

The table and graph were updated on August 22, 2007.  Typically, there are two years between updates.

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