Table of Contents
What was the price of crude oil in 2011?
$94.88
WTI Crude Oil Prices – 10 Year Daily Chart
| Crude Oil Prices – Historical Annual Data | ||
|---|---|---|
| Year | Average Closing Price | Annual % Change |
| 2011 | $94.88 | 8.15% |
| 2010 | $79.48 | 15.10% |
| 2009 | $61.95 | 78.00% |
Why did oil prices peak in 2011?
The price increases in 2011 reflected tightness in the global crude oil market that began in 2010 and marked the highest crude oil prices since 2008. Key factors affecting crude prices in 2011 included: Arab Spring. The Arab Spring and the civil war in Libya roiled oil markets during the first half of the year.
What was the price of crude oil in 2012?
Average crude oil prices in 2012 were at historically high levels for the second year in a row. Brent crude oil averaged $111.67 per barrel, slightly above the 2011 average of $111.26. West Texas Intermediate oil averaged $94.05 per barrel in 2012, down slightly from $94.88 in 2011.
How much did U.S. oil import prices change from 2009 to 2011?
Subsequent improvements in the global economy and low interest rates pushed oil prices upward from 2009 to 2011. By April 2011, prices had rebounded 180 percent from the February 2009 low, peaking at a monthly average of $109 per barrel.
How much did US oil import prices change from 2009 to 2011?
What was crude oil price 2013?
2013. In rupee terms also, the crude oil price increased to Rs 7464.26 per bbl on 3.09. 2013 as compared to Rs 7292.68 /bbl on 02.9.
How much oil did the US import in 2012?
3.8 billion barrels
By 2012, imports had declined 22.5 percent, to a little more than 3.8 billion barrels.
How much oil does the US import from Saudi Arabia?
Since 2017, oil imports have decreased by 23%. The impacts of the COVID-19 pandemic likely influenced a decline of 14% in 2020 from 2019….U.S. Crude Oil Imports by Country of Origin.
| Saudi Arabia | |
| 2017 | 955.126 |
| 2018 | 900.647 |
| 2019 | 529.745 |
| 2020 | 522 |
What was the highest gas price in 2011?
Based on EIA’s weekly survey of retail fuel prices at service stations around the country, the cheapest average price for regular gasoline during 2011 was $3.07 per gallon on January 3, and the highest price was $3.97 per gallon on May 9.
What was the cost of gas in 2011?
Supporting Information
| Year | Gasoline Price (Current dollars/gallon) | Gasoline Price (Constant 2011 dollars/gallon) |
|---|---|---|
| 2008 | 3.27 | 3.41 |
| 2009 | 2.35 | 2.43 |
| 2010 | 2.79 | 2.85 |
| 2011 | 3.53 | 3.53 |