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Import and export petroleum prices down from October 2018 to October 2019

November 25, 2019

In recent years, the price indexes for import and export petroleum shared similar trends. Over the year ended in October 2019, import petroleum prices decreased 14.7 percent, while prices for export petroleum declined 21.0 percent.

Import and export petroleum price indexes, October 2015 to October 2019
Month Import petroleum Export petroleum

Oct 2015

100.0 100.0

Nov 2015

96.0 96.8

Dec 2015

85.9 86.3

Jan 2016

71.2 78.1

Feb 2016

66.1 72.3

Mar 2016

73.2 73.1

Apr 2016

81.0 75.9

May 2016

92.3 85.6

Jun 2016

102.9 94.9

Jul 2016

99.7 93.3

Aug 2016

95.6 87.6

Sep 2016

96.4 93.9

Oct 2016

103.6 98.6

Nov 2016

101.9 97.0

Dec 2016

107.9 102.3

Jan 2017

114.1 104.3

Feb 2017

115.0 102.1

Mar 2017

112.1 99.9

Apr 2017

111.2 103.7

May 2017

110.4 99.4

Jun 2017

106.2 99.7

Jul 2017

105.5 101.4

Aug 2017

110.3 107.6

Sep 2017

117.5 115.1

Oct 2017

118.0 111.2

Nov 2017

129.2 118.0

Dec 2017

132.9 117.4

Jan 2018

136.4 120.9

Feb 2018

134.9 120.4

Mar 2018

131.7 118.2

Apr 2018

137.4 121.4

May 2018

147.6 128.0

Jun 2018

151.8 131.2

Jul 2018

152.6 132.3

Aug 2018

149.4 132.6

Sep 2018

149.4 134.8

Oct 2018

153.8 140.6

Nov 2018

130.8 126.1

Dec 2018

110.8 111.9

Jan 2019

119.4 108.2

Feb 2019

131.5 114.4

Mar 2019

139.9 121.2

Apr 2019

146.3 124.3

May 2019

151.9 123.3

Jun 2019

140.6 113.9

Jul 2019

141.0 115.8

Aug 2019

134.3 111.6

Sep 2019

136.4 111.3

Oct 2019

131.3 111.1

The petroleum price indexes fell over the 12-month period despite import prices increasing 27.3 percent and export prices rising 14.0 percent from January to May 2019.

These data are from the International Price program. They are not seasonally adjusted. Import and export price changes may be revised in each of the 3 months after original publication. For more information, see “U.S. Import and Export Price Indexes — October 2019.” We also have more charts on import and export price trends.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import and export petroleum prices down from October 2018 to October 2019 on the Internet at https://www.bls.gov/opub/ted/2019/import-and-export-petroleum-prices-down-from-october-2018-to-october-2019.htm (visited December 10, 2019).

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