What does a barrel of crude oil cost
2010 - Oil prices stayed within the range of $70 to $80/barrel until December 3, when they breached $90/barrel. Gas prices followed suit, staying below $3.00/gallon until December 6. Gas prices followed suit, staying below $3.00/gallon until December 6. It needs $52 per barrel to meet the total cost of producing one barrel of crude oil. The US needs $36 per barrel to meet the total cost of producing one barrel of crude oil. The high total Get the latest Crude Oil price (CL:NMX) as well as the latest futures prices and other commodity market news at Nasdaq. Looking for additional market data? Visit old.nasdaq.com.