BP America's term price for Alaska North Slope crude oil is $10.47 a barrel for March, down 32 cents a barrel (2.97 percent) from the February term price of $10.79 a barrel. <p>
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BP's January term price of $9.37 a barrel was the lowest since July 1986, when BP's West Coast term price was $9 a barrel. <p>
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The year-to-date average term price is $10.21 a barrel, down 31 percent from the comparable 1998 average of $14.84 a barrel. The March term price is 22 percent below the March 1998 term price of $13.35 a barrel. <p>
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BP produces the largest volume of North Slope crude oil and is the only producer to post term prices. <p>
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