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Resources for the Future

Krautkraemer and Toman

Figure 3: Crude Oil Domestic First Purchase Price, 1949–2000, in chained 1996 dollars, calculated by using gross domestic product implicit price deflators

Crude Oil Domestic First Purchase Price 1949-2000

60 50 40 30 20 10 0

1949 1953 1957 1961 1965 1969 1973 1977 1981 1985 1989 1993 1997

Year

Source: Annual Energy Review, U.S. Energy Information Administration, United States Department of Energy, http://www.eia.doe.gov/emeu/aer/pdf/pages/sec5_39.pdf.

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