Local Oil Purchasers Keep Prices Steady

American Refining Group and Ergon Oil Purchasing maintain Penn grade crude oil prices at $59.96.

Published on Feb. 11, 2026

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Two local oil purchasers in Bradford, Pennsylvania - American Refining Group and Ergon Oil Purchasing - have decided to keep the prices they pay for Penn grade crude oil steady at $59.96 per barrel, effective Tuesday.

Why it matters

The decision by these two major local oil purchasers to hold prices steady provides stability for oil producers in the region, who rely on consistent pricing to plan their operations and budgets. This is especially important given the volatility in global oil markets in recent years.

The details

American Refining Group and Ergon Oil Purchasing are two of the largest purchasers of Penn grade crude oil, which is a high-quality oil produced in western Pennsylvania. The companies announced they would be maintaining their purchase price of $59.96 per barrel, the same price they have paid since the start of the year.

  • The new pricing took effect on Tuesday, February 11, 2026.

The players

American Refining Group

A major oil refining company that purchases Penn grade crude oil produced in western Pennsylvania.

Ergon Oil Purchasing

One of the largest purchasers of Penn grade crude oil in the region, based in Bradford, Pennsylvania.

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The takeaway

The decision by these two key oil purchasers to hold prices steady provides much-needed stability for local oil producers, who can now plan their operations and budgets with more certainty despite the volatility in global oil markets.