What is the average price per barrell of the oil stored in the strategic petroleum reserve?

The average purchase price in the Strategic Reserve is $27.73 per barrel.





The sale price is based on current market conditions and is done via a bid process. In the last instance of oil being released from Strategic Reserve (after Hurricane Katrina), the price per barrel sold ranged from $63.1738 to $66.0139.What is the average price per barrell of the oil stored in the strategic petroleum reserve?
You need to be more specific.





Purchase price at the time it was purchased?


Purchase price adjusted for inflation?


Price if it were to be sold now?What is the average price per barrell of the oil stored in the strategic petroleum reserve?
The release of reserves would reduce the avg price. Speculation in market would also judge if gov't was commited to releasing en masse. Opec would lower production driving price up again %26amp; world economic pressure would force status quo be resumed. Strategic reserves will remain untapped. Gas prices are high due to rediculous taxes placed on fuel, not because of per barrel cost.