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00 020 4040 4060 8080 80100 $120 1861 1866 1871 1876 1881 1886 1891 1896 1901 1906 1911 1916 1921 1926 1931 1936 1941 1946 1951 1956 1961 1966 1971 1976 1981 1986 1991 1996 2001 2006 2011 Nominal Real (2015 dollars) 1861–1944 US domestic first purchase price 1945–1985 Arabian Light posted at Ras Tanura 1986–2015 Brent Spot Source: Energy Information Administration