Crude Oil Wellhead Prices in Nebraska
The average wellhead price of crude oil increased $4.55 to $58.27 per barrel in February 2026 from January 2026. February's monthly average price was $6.72 lower than the average price of $64.99 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 $58.60 for 2025 was a decrease of $11.22 from $69.82 in 2024. Figure 1 shows that the annual average of $89.20 per barrel 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.
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| 1978 - 2026 | 154.27 KB |
Sources: Nebraska Crude Oil First Purchase Price. Energy Information Administration, Washington, DC. Nebraska Department of Water, Energy, and Environment, Lincoln, NE.
This report was updated on May 5, 2026.
Typically, there is one month between updates.