Oil Prices in August 2022: WTI & Brent Daily Prices and Monthly Average
WTI averaged $93.67 per barrel in August 2022, down $7.95 (7.8%) from July 2022. The average was 38% above the $67.70 of August 2021.
Daily spot prices, August 2022
Chart data table (23 rows)
| Period | WTI | Brent |
|---|---|---|
| Aug 31, 2022 | $90.09 | $96.55 |
| Aug 30, 2022 | $92.08 | $99.34 |
| Aug 29, 2022 | $97.40 | — |
| Aug 26, 2022 | $93.63 | $101.13 |
| Aug 25, 2022 | $93.33 | $98.81 |
| Aug 24, 2022 | $95.52 | $99.87 |
| Aug 23, 2022 | $96.46 | $99.49 |
| Aug 22, 2022 | $93.42 | $95.06 |
| Aug 19, 2022 | $93.55 | $96.45 |
| Aug 18, 2022 | $93.20 | $96.35 |
| Aug 17, 2022 | $90.85 | $97.22 |
| Aug 16, 2022 | $89.23 | $95.36 |
| Aug 15, 2022 | $92.24 | $98.25 |
| Aug 12, 2022 | $94.86 | $103.70 |
| Aug 11, 2022 | $97.02 | $107.19 |
| Aug 10, 2022 | $94.68 | $105.06 |
| Aug 9, 2022 | $93.18 | $103.81 |
| Aug 8, 2022 | $93.52 | $103.46 |
| Aug 5, 2022 | $91.77 | $100.31 |
| Aug 4, 2022 | $91.29 | $97.99 |
| Aug 3, 2022 | $93.25 | $101.82 |
| Aug 2, 2022 | $97.14 | $106.51 |
| Aug 1, 2022 | $96.59 | $106.09 |
Prices fell over the month, from $96.59 on Aug 1, 2022 to $90.09 on Aug 31, 2022. The largest one-day move was −$5.32 on Aug 30, 2022 (−5.5%).
Brent averaged $100.45; its premium over WTI on matched dates averaged $6.95, with the daily Brent − WTI difference ranging from +$1.64 to +$10.63.
Adjusted with CPI-U, the August 2022 average equals $106.56 in September 2026 dollars.
August 2022 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $93.67 | $100.45 |
| Change vs July 2022 | −$7.95 | −$11.48 |
| Change vs August 2021 | +$25.97 | +$29.84 |
| Highest daily price | $97.40 Aug 29, 2022 | $107.19 Aug 11, 2022 |
| Lowest daily price | $89.23 Aug 16, 2022 | $95.06 Aug 22, 2022 |
| Published daily observations | 23 | 22 |
| Average in September 2026 dollars (CPI-U) | $106.56 | $114.28 |
Monthly averages are EIA's published figures. Real figures use CPI-U for August 2022.
Part of the price episode: 2022 price spike
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Aug 1, 2022 – Aug 31, 2022 | Aug 31, 2022 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Aug 1, 2022 – Aug 31, 2022 | Aug 31, 2022 |
| U.S. Bureau of Labor Statistics | CUUR0000SA0 — CPI-U, all items, NSA | index, 1982–84=100 | monthly | September 2026 |
Last updated: Oct 21, 2026, 5:27 PM CDT. Raw values are shown in source units; any conversion is labeled. See methodology and data sources.
Download:2022 daily prices (CSV)