Crude Oil Wellhead Prices in Nebraska
The average wellhead price of crude oil increased $6.88 to $61.10 in June 2025 from May 2025. June's monthly average price was $11.65 lower than the average price of $72.75 in the same month last year. The record high monthly average was set in June 2008 at $123.77 per barrel. The record low monthly average was set in December 1998 at $8.63 per barrel.
The annual average price of $69.82 for 2024 was a decrease of $1.76 from $71.58 in 2023. Figure 1 shows that the annual average of $89.20 for 2022 beat the record high of $87.99 set in 2008.
The annual average record low was set in 1978 at $11.40 per barrel. The earliest data recorded is for the year 1978.
| Attachment | Size |
|---|---|
| 2020 - 2025 | 41.67 KB |
| 2000 - 2019 | 43.76 KB |
| 1978 - 1999 | 43.85 KB |
Sources: Petroleum Marketing Monthly, Table 18. Energy Information Administration, Washington, DC. Nebraska Department of Water, Energy, and Environment, Lincoln, NE.
Note: NA = Not Available