The statistic represents the average landed cost of US crude oil imports from Venezuela between 1980 and 2012. In 2008, this figure stood at around 90.76 nominal US dollars per barrel. According to the source, nominal US dollars reflect the buying power in the year in which the transaction occurred; not adjusted to remove the effect of changes in the purchasing power of the dollar.
Average landed cost of U.S. crude oil imports from Venezuela between 1975 and 2012*
(in nominal U.S. dollars per barrel*)
* According to the source, the landed cost of
imported crude oil from selected countries does not repre-
sent the total cost of all imported crude. However, beginning in April 1975, coverage was expanded to include
U.S. company-owned refineries in the Caribbean. Landed
costs do not include supplemental fees. ** Nominal U.S. dollars reflect the buying power in the year in which the transaction occurred; not adjusted to remove the effect of changes in the purchasing power of the dollar.
Annual averages are the averages of the monthly prices, weighted by volume. Geographic coverage is the 50 States, the District of Columbia, Puerto Rico, the Virgin Islands, and all U.S. Territories and Possessions. The abbreviation EIA stands for U.S. Energy Information Administration.
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EIA. (December 30, 2013). Average landed cost of U.S. crude oil imports from Venezuela between 1975 and 2012* (in nominal U.S. dollars per barrel*) [Graph]. In Statista. Retrieved April 21, 2025, from https://www.statista.com/statistics/201851/landed-cost-of-us-crude-oil-imports-from-venezuela-since-1975/
EIA. "Average landed cost of U.S. crude oil imports from Venezuela between 1975 and 2012* (in nominal U.S. dollars per barrel*)." Chart. December 30, 2013. Statista. Accessed April 21, 2025. https://www.statista.com/statistics/201851/landed-cost-of-us-crude-oil-imports-from-venezuela-since-1975/
EIA. (2013). Average landed cost of U.S. crude oil imports from Venezuela between 1975 and 2012* (in nominal U.S. dollars per barrel*). Statista. Statista Inc.. Accessed: April 21, 2025. https://www.statista.com/statistics/201851/landed-cost-of-us-crude-oil-imports-from-venezuela-since-1975/
EIA. "Average Landed Cost of U.S. Crude Oil Imports from Venezuela between 1975 and 2012* (in Nominal U.S. Dollars per Barrel*)." Statista, Statista Inc., 30 Dec 2013, https://www.statista.com/statistics/201851/landed-cost-of-us-crude-oil-imports-from-venezuela-since-1975/
EIA, Average landed cost of U.S. crude oil imports from Venezuela between 1975 and 2012* (in nominal U.S. dollars per barrel*) Statista, https://www.statista.com/statistics/201851/landed-cost-of-us-crude-oil-imports-from-venezuela-since-1975/ (last visited April 21, 2025)
Average landed cost of U.S. crude oil imports from Venezuela between 1975 and 2012* (in nominal U.S. dollars per barrel*) [Graph], EIA, December 30, 2013. [Online]. Available: https://www.statista.com/statistics/201851/landed-cost-of-us-crude-oil-imports-from-venezuela-since-1975/
