Oil Prices in August 1992: WTI & Brent Daily Prices and Monthly Average
WTI averaged $21.34 per barrel in August 1992, down $0.44 (2.0%) from July 1992. It was within 3% of its level a year earlier ($21.69 in August 1991).
Daily spot prices, August 1992
Chart data table (21 rows; WTI on 21, Brent on 21)
| Period | WTI | Brent |
|---|---|---|
| Aug 31, 1992 | $21.46 | $19.65 |
| Aug 28, 1992 | $21.30 | $19.65 |
| Aug 27, 1992 | $21.14 | $19.50 |
| Aug 26, 1992 | $21.24 | $19.63 |
| Aug 25, 1992 | $21.60 | $19.68 |
| Aug 24, 1992 | $21.85 | $19.65 |
| Aug 21, 1992 | $21.19 | $19.68 |
| Aug 20, 1992 | $21.40 | $19.63 |
| Aug 19, 1992 | $21.33 | $19.80 |
| Aug 18, 1992 | $21.54 | $19.90 |
| Aug 17, 1992 | $21.47 | $19.95 |
| Aug 14, 1992 | $21.31 | $19.88 |
| Aug 13, 1992 | $21.35 | $19.83 |
| Aug 12, 1992 | $21.13 | $19.65 |
| Aug 11, 1992 | $21.00 | $19.48 |
| Aug 10, 1992 | $21.12 | $19.55 |
| Aug 7, 1992 | $21.27 | $19.75 |
| Aug 6, 1992 | $21.41 | $19.78 |
| Aug 5, 1992 | $21.18 | $19.68 |
| Aug 4, 1992 | $21.23 | $19.85 |
| Aug 3, 1992 | $21.60 | $20.33 |
Daily prices stayed within $0.85, from $21.00 (Aug 11, 1992) to $21.85 (Aug 24, 1992).
Brent averaged $19.74, on matched dates $1.60 below WTI on average across 21 dates.
Among the 41 August averages EIA has published, 1992's ranks 11th lowest. Within 1992 it ranks 5th highest of the 12 monthly averages. In October 2026 dollars (CPI-U), the average equals $51.12 and the high of $21.85 equals $52.34.
August 1992 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $21.34 | $19.74 |
| Change vs July 1992 | −$0.44 | −$0.50 |
| Change vs August 1991 | −$0.35 | −$0.03 |
| Highest daily price | $21.85 Aug 24, 1992 | $20.33 Aug 3, 1992 |
| Lowest daily price | $21.00 Aug 11, 1992 | $19.48 Aug 11, 1992 |
| Published daily observations | 21 | 21 |
| Average in October 2026 dollars (CPI-U) | $51.12 | $47.29 |
Monthly averages are EIA's published figures. Real figures use CPI-U for August 1992.
August in other years
| Year | WTI average | vs August 1992 | Real |
|---|---|---|---|
| 2026 | $83.90 | +293.2% | $84.53 |
| 2025 | $64.86 | +203.9% | $67.57 |
| 2024 | $76.68 | +259.3% | $82.21 |
| 2023 | $81.39 | +281.4% | $89.47 |
| 2022 | $93.67 | +338.9% | $106.74 |
| 2021 | $67.70 | +217.2% | $83.52 |
| 2020 | $42.34 | +98.4% | $54.98 |
| 2019 | $54.81 | +156.8% | $72.10 |
| 2018 | $68.06 | +218.9% | $91.10 |
| 2017 | $48.04 | +125.1% | $66.04 |
| 2016 | $44.72 | +109.6% | $62.67 |
| 2015 | $42.87 | +100.9% | $60.71 |
| 2014 | $96.54 | +352.4% | $136.99 |
| 2013 | $106.57 | +399.4% | $153.79 |
| 2012 | $94.13 | +341.1% | $137.90 |
| 2011 | $86.33 | +304.5% | $128.62 |
| 2010 | $76.60 | +259.0% | $118.42 |
| 2009 | $71.05 | +232.9% | $111.10 |
| 2008 | $116.67 | +446.7% | $179.73 |
| 2007 | $72.36 | +239.1% | $117.46 |
| 2006 | $73.04 | +242.3% | $120.90 |
| 2005 | $64.99 | +204.5% | $111.68 |
| 2004 | $44.90 | +110.4% | $79.97 |
| 2003 | $31.57 | +47.9% | $57.72 |
| 2002 | $28.39 | +33.0% | $53.03 |
| 2001 | $27.37 | +28.3% | $52.04 |
| 2000 | $31.26 | +46.5% | $61.06 |
| 1999 | $21.28 | −0.3% | $42.98 |
| 1998 | $13.47 | −36.9% | $27.82 |
| 1997 | $19.95 | −6.5% | $41.87 |
| 1996 | $21.90 | +2.6% | $46.99 |
| 1995 | $18.02 | −15.6% | $39.78 |
| 1994 | $18.38 | −13.9% | $41.63 |
| 1993 | $18.01 | −15.6% | $41.98 |
| 1992 | $21.34 | — | $51.12 |
| 1991 | $21.69 | +1.6% | $53.59 |
| 1990 | $27.31 | +28.0% | $70.04 |
| 1989 | $18.58 | −12.9% | $50.33 |
| 1988 | $15.52 | −27.3% | $44.02 |
| 1987 | $20.31 | −4.8% | $59.92 |
| 1986 | $15.10 | −29.2% | $46.46 |
“—” in the real column means BLS has published no CPI-U for that month. The comparison column shows how far that year's average was from August 1992.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Aug 3, 1992 – Aug 31, 1992 | Aug 31, 1992 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Aug 3, 1992 – Aug 31, 1992 | Aug 31, 1992 |
| U.S. Bureau of Labor Statistics | CUUR0000SA0 — CPI-U, all items, NSA | index, 1982–84=100 | monthly | October 2026 |
Last updated: Nov 10, 2026, 7:01 PM CST. Raw values are shown in source units; any conversion is labeled. See methodology and data sources.
Download:1992 daily prices (CSV)