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2008 January February March April May June
$84.70 $86.64 $96.87 $104.31 $117.40 $126.33
July August September October November December 2008 Average*
$126.16 $108.46 $96.13
$105.22
*Through September
2007 January February March April May June 2006 January February March April May June 2005 January February* March* April* May* June*
$46.53 $51.36 $52.64 $56.08 $55.43 $59.25
$65.96 $64.23 September $70.94 October $77.56 November $86.92 December $83-46 2007 Average $64.20
July August July August September October November December 2006 Average
$58.30 $54.65 $55.42 $62.50 $62.94 $62.85
$66.28 $64.93 $55.73 $50.98 $50.98 $54.06 $58.30
$42.21 July $42.91/$41.11 ugust A $48.55/$47.80eptember S $46.63/$46.38 ctober O $43.27/$43.02 ovember N $49.56/$49.80 ecember D
$52.13 $58.07 $58.56 $55.12 $51.18 $52.31 2005 Average* $50.04/$49.81
*From February through June the posted price was not the same for all three crude purchasers in the Illinois Basin. The first price is Countrym 2004 January $30.87 July $36.25 February March April May June 2003 January February March
$31.03 $33.48 $33.08 $36.31 $33.80
August September October November December 2004 Average
$40.67 $41.25 $48.71 $44.30 $39.20 $37.41 $27.39 $28.33 $25.14 Page 1
$29.44 July $32.13 August $30.26 September
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April May June 2002 January February March April May June 2001 January February March April May June 2000 January February March April May June $24.11 $26.54 $27.44 $22.99 July August September October $27.17 $28.27 $30.88 $30.01 $28.66 $26.72 $23.96 $26.77 July August September October $23.58 $24.08 $20.82 $19.04 $16.45 $16.21 $23.00 $16.65 $18.88 $20.97 $22.83 $23.79 $22.16 July August September October November December 2002 Average $23.69 $24.90 $26.28 $25.38 $22.92 $25.25 $22.81
$25.22 October $23.61 November $27.23 December
2003 Average
$27.07 $27.66 $28.83
$27.69
$25.44 November $24.27 December 2001 Average
$26.06 November $31.16 $28.57 December $25.50 Yearly total Average $27.40 Cut backs on imports, reformulated gasoline, and taxes caused record high gasoline prices in Midwest, reaching over $2.00 per gallon. Saudi Ar 1999 January $9.86 July $17.43 February $9.30 August $18.55 March $12.05 September $20.94 April $14.60 October $19.93 May June $15.17 November $15.24 December Yearly Average 1998 February March April May January June $13.71 August $12.75 September $13.15 October $12.67 November $14.56 July $11.03 December $10.20 $12.44 $11.88 $10.36 $11.52 $8.64 $22.26 $23.33 $16.55
Yearly Average $11.91 Save Domestic Oil filed petition to stop the dumping of oil on U. S. markets by Saudi Arabia, Venezuela and Mexico.
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1997 January February March April May June $23.52 $20.00 $19.21 $18.06 July August September October $17.57 $17.82 $17.63 $19.20 $17.99 $16.31 $18.97 $19.73 $20.38 $22.25 $23.34 $21.99 $23.38 $20.46 $15.50 $16.32 $16.40 $15.72 $16.37 $17.47 $16.75 $18.26 $16.89 $15.79 $16.07 $16.47 $15.63 $15.66 $16.27 $16.40 $16.13 $16.54 $15.22 $12.83 $16.74 $20.45 $20.02 $20.62 $20.32
$19.15 November $17.20 December Yearly Average 1996
January February March April May June 1995 January February March April May June 1994 January February March April May June 1993 January February March April May June 1992 January February March April
$17.33 $17.60 $19.71 $21.78
July August September October
$19.56 November $18.50 December Yearly Average $16.50 $17.06 $16.87 $18.20 July August September October
$17.91 November $16.68 December Yearly Average $13.29 $13.28 $13.13 $14.85 July August September October
$16.54 November $17.76 December Yearly Average $15.25 $18.69 $18.92 $18.81 July August September October
$18.29 November $17.64 December Yearly Average $17.59 $17.75 $17.68 $19.00 July August September October
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May June 1991 January February March April May June 1990 The price of January February March April May June 1989 January February March April May June 1988 January February March April May June 1987 January February March June $16.75 $15.75 $18.00 $18.50 July August November December Yearly Average 1986 January February March April $22.50 $16.00 $14.00 12.5 July August September December $11.00 $13.25 $14.00 $15.50 $19.00 $18.50 $17.50 $16.00 $17.50 $16.00 $15.50 $15.00 $17.00 July August September October $15.00 $14.25 $13.50 $12.50 $13.34 $14.65 $14.87 $16.59 $16.60 $18.54 $19.35 July August September October $18.50 $17.35 $18.18 $18.85 $18.71 $19.50 $18.33 $23.56 $19.42 $18.67 $19.48 July August September October $20.31 $20.48 $20.43 $21.98 $20.91 $18.28 $20.19 $19.62 November $21.07 December Yearly Average $19.00 $17.92 $19.25
$19.94 November $18.93 December Yearly Average
$21.42 $20.83 $19.10 $17.23
July August September October
$17.47 $25.69 $32.52 $34.69 $28.38 $26.00 $23.19
$17.36 November $17.64 December Yearly Average
$18.73 November $19.04 December Yearly Average
$16.50 November $15.25 December Yearly Average
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May 1985 From 1982 to January Feb. thru December 1984 November December 1983 January Feb. thru Oct., 1984 1982 February March April May June July 1981 Events in January February March April $ April, 1981 thru Jan.,1982 1980 Beginning in January February March April May June July August September October November December 1979 January February March $13.00 Yearly Average $14.64
$26.00 $27.00 Yearly Averag $28.00 $27.00 Yearly Average $30.00 $29.00 Yearly Average $34.00 $32.00 $31.00 $31.00 August September October November
$26.50
$27.50
$29.00 $31.00 $31.00 $32.00 $32.00 $31.00 $31.55
31 December $31.00 Yearly Average
Lower Tier - IL Upper Tier - IL Released & Stripper $6.94 $15.07 $38.00 $6.99 $15.19 $38.00 $38.00 $38.00 $35.00
Lower Tier - IL Upper Tier - IL Released & Stripper $6.34 $13.74 $38.00 $6.38 $13.83 $38.00 $6.42 $13.93 $38.00 $6.46 $6.51 $6.56 $6.61 $6.66 $6.72 $6.78 $6.84 $6.89 $14.03 $14.13 $14.24 $14.35 $14.46 $14.58 $14.70 $14.83 $14.95 $38.00 $38.00 $38.00 $38.00 $38.00 $36.00 $36.00 $36.00 $37.00
Lower Tier - IL Upper Tier - IL Released & Stripper $5.87 $12.68 $15.95 $5.90 $12.75 $15.95 $5.94 $12.83 $15.95
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April May June July August September October November December 1978 January February March April May June July August September October November December 1977 January March August September October November December 1976 February March April May June $5.98 $6.02 $6.06 $6.10 $6.14 $6.18 $6.22 $6.26 $6.30 $12.91 $12.99 $13.08 $13.17 $13.26 $13.36 $13.46 $13.56 $13.65 $18.20 $19.20 $24.50 $26.50 $28.50 $31.00 $32.50 $35.00 $38.00
Lower Tier - IL Upper Tier - IL Released & Stripper $5.46 $11.78 $14.95 $5.48 $11.83 $14.95 $5.51 $11.89 $14.95 $5.54 $5.57 $5.60 $5.63 $5.66 $5.71 $5.76 $5.81 $5.84 $11.95 $12.01 $12.08 $12.15 $12.22 $12.32 $12.43 $12.54 $12.61 $14.95 $14.95 $14.95 $14.95 $14.95 $14.95 $14.95 $14.95 $14.95
Lower Tier - IL Upper Tier - IL Released & Stripper $5.33 $11.35 $14.00 $5.33 $10.90 $14.00 $5.33 $5.36 $5.39 $5.42 $5.44 $10.90 $11.16 $11.42 $11.68 $11.73 $14.95 $14.95 $14.95 $14.95 $14.95
Lower Tier - IL Upper Tier - IL Released & Stripper $5.20 $11.28 $13.10 $5.23 $11.35 $13.10 $5.26 $11.42 $13.10 $5.30 $5.33 $11.49 $11.55 $13.10 $13.10
Prices froze at this level until January 1, 1977, except stripper (uncontrolled). September 1975 $14.00
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Lower Tier - IL Upper Tier - IL Released & Stripper February April July September October November 1974 August December 1973 The Yom April August September October November $5.20 $5.20 $5.20 $5.20 $5.20 $5.20 $11.60 $11.90 $12.40 $12.40 $12.60 $13.10
Lower Tier - IL Upper Tier - IL Released & Stripper $5.20 $5.20 $10.30 $11.20
Lower Tier - IL Upper Tier - IL Released & Stripper $3.60 $4.20 $4.20 $4.20 $4.20 $5.20 $5.85 $8.55
December $5.20 $8.55 1971 In March of 1970 November 3.6 Beginning of Tier Prices - IL Upper Tier - IL Released & Stripper Lower Tier December 1969 back to 1946 04/01/69 03/17/69 03/01/69 07/01/68 08/01/67 12/06/65 10/11/63 08/29/60 3.6 $3.35 $3.30 $3.25 $3.20 $3.15 $3.10 $3.00 Gravity pricing established $3.00 OPEC was formed in 1960 with five founding members: Iran, Iraq, Kuwait, Saudi Arabia and Venezuela
06/20/60 12/13/57 01/09/57 06/12/56 10/15/55
$2.85 $3.00 $3.15 $2.90 $3.00
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urchasers in the Illinois Basin. The first price is Countrymark Coop posted price average, the second price is Plains/Bi-Petro posted price average.
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ces in Midwest, reaching over $2.00 per gallon. Saudi Arabia wanting to boost import levels but other OPEC nations against it. (June & July)
Arabia, Venezuela and Mexico.
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rs: Iran, Iraq, Kuwait, Saudi Arabia and Venezuela
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ains/Bi-Petro posted price average.
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tions against it. (June & July)
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