Producer Price Index for pipeline transportation of crude oil.
355.132+0.0% m/m+0.5% y/y+23.0% 5y
Sep 2026 value · Next print expected around Nov 2026 · Source: BLS
Price history
Sep 2026 · latest355.132+23.0%since Sep 2021
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Range
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Month
Value
Change m/m
Sep 2026
+0.0%
Aug 2026
+0.0%
Jul 2026
+0.9%
Jun 2026
+0.0%
May 2026
+0.0%
Apr 2026
−0.5%
Mar 2026
+0.0%
Feb 2026
+0.0%
Jan 2026
+0.1%
Dec 2025
+0.0%
Nov 2025
+0.0%
Oct 2025
+0.0%
Sep 2025
+0.0%
Same numbers as the chart, straight from BLS. Dates are the first of each period, the way BLS reports them.
How it's built
Crude oil pipeline rose 0.5% over the last 12 months, but all of its main inputs rose faster: industrial electric power +4.2%. That cost pressure may still pass through to prices.
From Jan 2017 to Sep 2026 the index went from 261.2 to 355.1, a change of +36.0%.
Highest reading in that period: 355.1 in Aug 2026. Lowest: 251.9 in May 2018.
Largest one-month rise: +8.5% in Jul 2022. Largest one-month fall: -3.2% in Apr 2023.
For a clause that resets its base every year, a 10% cap or floor would have limited the adjustment in 2 of the last 36 months.
Use it in a contract
Draft clause citing this series
A starting point citing this series by name and code. Replace the bracketed terms with your contract's actual scope before use.
The [affected portion] of the Contract Price shall be adjusted using US PPI — Pipeline Transportation of Crude Oil (BLS series PCU486110486110), published by BLS.
Base Period: the index value published for September 2026 (or the month of contract signing, if different) is the Base Value.
Adjustment: at each Adjustment Date, the Current Value is the most recently published three-month average of the index (the Averaging Window). The Escalation Factor equals Current Value divided by Base Value.
Cap: the Escalation Factor applied under this clause shall not exceed 1.10 or fall below 0.90 (a 10% cap and floor) in any single Adjustment Date, regardless of the index's actual movement.
[Replace bracketed terms with your contract's actual affected-portion definition and adjustment-date schedule before use. This is a drafting starting point, not legal advice.]
Indexes the cost of moving crude by pipeline, a real and separately negotiated line in an upstream or midstream contract distinct from the crude price itself.
Split the contract by asset type: solar, wind, transmission, substations, or water. Transformers (PCU335311335311) and switchgear (PCU335313335313) have real, live BLS price indices. Solar, wind, and power line construction do not, so those need a weighted input composite instead.
Let Escalake run this clause for you
Escalake tracks US PPI — Pipeline Transportation of Crude Oil, applies your formula, and gives both sides a number they can confirm, no spreadsheet required.