official state of nebraska website

Crude Oil Wellhead Prices
in Nebraska

The average wellhead price of crude oil rose $1.49 to $91.86 in April from March. The monthly average price was $10.27 higher than the average price in the same month last year. The record high was set in June 2008 at $123.77 per barrel.

The annual average price of $87.44 for 2013 was an increase of $2.49 from $84.95 in 2012. The annual average for 2013 was within cents of the record high set in 2008. The annual average for 2008 remains the record high rising above the previous records set each year from 2004 to 2008. Before 2004, the record high had been $35.32 set in 1981.

chart showing Crude Oil Wellhead Prices in Nebraska, from 1978 through 2012.

Crude Oil Wellhead Prices in Nebraska, 2000 – 2014

(Price per Barrel)

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual Average
2014 $84.18 $90.22 $90.37 $91.86 NA NA NA NA NA NA NA NA NA
2013 $84.27 $84.92 $82.76 $81.59 $84.60 $85.44 $94.09 $96.29 $96.19 $89.86 $82.65 $86.83 $87.44
2012 $91.60 $93.78 $96.68 $93.67 $85.61 $72.46 $77.67 $83.63 $84.36 $79.13 $76.17 $77.88 $84.95
2011 $79.99 $80.01 $92.96 $100.36 $91.70 $86.35 $87.56 $76.27 $75.86 $76.79 $87.43 $89.91 $85.48
2010 $67.91 $66.26 $71.07 $74.61 $64.44 $65.23 $66.14 $66.76 $65.60 $72.14 $74.34 $79.61 $69.65
2009 $30.02 $27.79 $37.28 $40.09 $48.80 $59.28 $54.08 $60.73 $58.87 $65.63 $67.58 $64.43 $50.93
2008 $81.98 $84.47 $93.84 $102.39 $115.20 $123.77 $123.47 $105.54 $92.37 $64.64 $45.39 $28.96 $87.99
2007 $44.22 $49.64 $50.84 $54.55 $53.95 $57.70 $64.66 $62.96 $69.58 $76.15 $85.11 $81.64 $62.78
2006 $61.44 $57.22 $56.48 $61.19 $61.44 $61.62 $65.40 $64.08 $54.27 $48.58 $48.41 $51.56 $57.77
2005 $41.53 $43.11 $50.08 $48.06 $45.05 $50.87 $53.66 $60.00 $60.67 $58.51 $54.61 $55.46 $52.38
2004 $31.35 $31.80 $34.10 $33.82 $37.29 $35.09 $37.37 $41.76 $43.06 $50.24 $46.06 $38.87 $38.42
2003 $30.36 $33.28 $30.88 $25.98 $25.88 $28.12 $28.50 $29.32 $26.00 $28.02 $28.31 $29.53 $28.63
2002 $16.98 $17.97 $21.66 $23.67 $24.44 $23.25 $24.48 $25.47 $27.36 $26.43 $24.36 $27.08 $23.62
2001 $27.39 $27.60 $24.36 $24.82 $25.89 $24.46 $23.98 $24.77 $24.63 $19.66 $19.26 $16.95 $23.67
2000 $24.70 $27.25 $28.07 $23.61 $26.56 $28.86 $27.78 $28.88 $30.80 $30.42 $32.14 $26.36 $27.97

Crude Oil Wellhead Prices in Nebraska, 1978 – 1999

(Price per Barrel)

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual Average
1999 $9.81 $9.35 $12.33 $14.96 $15.61 $15.77 $17.94 $19.03 $21.50 $20.40 $22.77 $23.81 $17.21
1998 $13.84 $13.15 $12.09 $12.47 $11.86 $10.36 $10.77 $10.22 $11.79 $11.24 $9.70 $8.63 $11.50
1997 $22.93 $19.88 $18.50 $17.40 $18.37 $16.55 $16.94 $17.11 $17.74 $18.52 $17.29 $15.47 $18.10
1996 $15.91 $15.79 $18.04 $20.25 $18.94 $18.27 $19.06 $19.72 $21.99 $22.78 $21.38 $22.79 $19.57
1995 $14.60 $15.33 $15.15 $16.63 $16.44 $15.27 $14.08 $14.71 $14.95 $14.15 $14.77 $16.06 $15.18
1994 $11.19 $10.92 $10.88 $12.67 $14.52 $15.76 $16.32 $14.81 $13.91 $14.22 $14.55 $13.65 $13.60
1993 $15.93 $16.88 $16.95 $16.91 $16.28 $15.40 $14.10 $14.18 $13.58 $14.26 $12.87 $10.77 $14.90
1992 $16.18 $16.19 $16.08 $17.19 $17.92 $19.22 $18.56 $18.18 $18.79 $18.63 $17.26 $16.31 $17.51
1991 $21.77 $17.96 $17.29 $18.30 $18.48 $17.52 $18.83 $18.99 $19.25 $20.63 $19.72 $16.82 $18.78
1990 $20.00 $19.72 $18.19 $16.18 $15.95 $14.37 $16.03 $24.48 $30.88 $33.21 $29.46 $24.47 $21.94
1989 $15.71 $15.86 $17.45 $18.68 $18.09 $18.05 $17.87 $16.25 $17.11 $17.78 $17.41 $18.32 $17.36
1988 $15.27 $14.89 $14.53 $15.72 $15.87 $15.03 $13.76 $13.64 $13.17 $12.11 $11.93 $13.74 $14.08
1987 $15.80 $16.22 $16.14 $16.34 $17.01 $17.62 $18.63 $18.58 $17.61 $17.63 $17.25 $16.11 $17.08
1986 $24.26 $17.06 $12.85 $11.44 $12.20 $12.28 $10.35 $11.99 $13.15 $12.73 $12.65 $13.30 $13.70
1985 $24.82 $24.41 $24.70 $25.10 $25.47 $25.44 $25.38 $25.38 $25.61 $25.93 $26.30 $26.54 $25.42
1984 NA NA NA NA NA NA NA NA NA NA NA NA $27.83
1983 NA NA NA NA NA NA NA NA NA NA NA NA $28.58
1982 NA NA NA NA NA NA NA NA NA NA NA NA $30.98
1981 NA NA NA NA NA NA NA NA NA NA NA NA $35.32
1980 NA NA NA NA NA NA NA NA NA NA NA NA $30.60
1979 NA NA NA NA NA NA NA NA NA NA NA NA $18.13
1978 NA NA NA NA NA NA NA NA NA NA NA NA $11.40

Sources: Petroleum Marketing Monthly. Energy Information Administration, Washington, DC. Nebraska Energy Office, Lincoln, NE.

Notes: NA = Not Available. Numbers in red have been revised.

The tables were updated on July 18, 2014. Typically, there is one month between updates.
The graph was updated on March 21, 2014. Typically, there is one year between updates.