Monthly average crude oil prices mostly increased in January. The average domestic crude oil first purchase price increased $2.13 (3.8%) to $58.44 per barrel.
The average free-on-board (f.o.b.) cost of imported crude oil rose $0.48 (0.9%) to $51.58 per barrel. The average landed cost of foreign crude oil decreased $0.03 (0.1%) to $55.42 per barrel.
The average refiner acquisition cost for domestic crude oil increased $1.86 (3.1%) to $61.89 per barrel, while the average cost of imported crude oil rose $3.24 (5.7%) to $60.48 per barrel. The composite refiner acquisition cost for crude oil increased $2.23 (3.8%) to $61.32 per barrel.