diff --git a/src/report/standard-reports/account-piecharts.scm b/src/report/standard-reports/account-piecharts.scm
index 74fcae51b6..be025ea015 100644
--- a/src/report/standard-reports/account-piecharts.scm
+++ b/src/report/standard-reports/account-piecharts.scm
@@ -104,7 +104,7 @@ balance at a given time"))
     
     (gnc:options-add-price-source! 
      options gnc:pagename-general
-     optname-price-source "c" 'average-cost)
+     optname-price-source "c" 'pricedb-nearest)
 
     (if do-intervals?
         (add-option
diff --git a/src/report/standard-reports/account-summary.scm b/src/report/standard-reports/account-summary.scm
index 53af64acff..248b228bd4 100644
--- a/src/report/standard-reports/account-summary.scm
+++ b/src/report/standard-reports/account-summary.scm
@@ -189,7 +189,7 @@
     
     (gnc:options-add-price-source! 
      options pagename-commodities
-     optname-price-source "b" 'average-cost)
+     optname-price-source "b" 'pricedb-nearest)
     
     (add-option 
      (gnc:make-simple-boolean-option
diff --git a/src/report/standard-reports/balance-sheet.scm b/src/report/standard-reports/balance-sheet.scm
index d40bc161bc..ba2f5e486a 100644
--- a/src/report/standard-reports/balance-sheet.scm
+++ b/src/report/standard-reports/balance-sheet.scm
@@ -205,7 +205,7 @@
     
     (gnc:options-add-price-source! 
      options pagename-commodities
-     optname-price-source "b" 'average-cost)
+     optname-price-source "b" 'pricedb-nearest)
     
     (add-option 
      (gnc:make-simple-boolean-option
diff --git a/src/report/standard-reports/budget-balance-sheet.scm b/src/report/standard-reports/budget-balance-sheet.scm
index 266324fb47..d9aa5d4fdd 100644
--- a/src/report/standard-reports/budget-balance-sheet.scm
+++ b/src/report/standard-reports/budget-balance-sheet.scm
@@ -168,7 +168,7 @@
     
     (gnc:options-add-price-source! 
      options pagename-commodities
-     optname-price-source "b" 'average-cost)
+     optname-price-source "b" 'pricedb-nearest)
     
     (add-option 
      (gnc:make-simple-boolean-option
diff --git a/src/report/standard-reports/budget-income-statement.scm b/src/report/standard-reports/budget-income-statement.scm
index aa5052cb73..204208849a 100644
--- a/src/report/standard-reports/budget-income-statement.scm
+++ b/src/report/standard-reports/budget-income-statement.scm
@@ -222,7 +222,7 @@
     
     (gnc:options-add-price-source! 
      options pagename-commodities
-     optname-price-source "b" 'average-cost)
+     optname-price-source "b" 'pricedb-nearest)
     
     (add-option 
      (gnc:make-simple-boolean-option
diff --git a/src/report/standard-reports/budget.scm b/src/report/standard-reports/budget.scm
index c12a07bb0d..b02d9e6017 100644
--- a/src/report/standard-reports/budget.scm
+++ b/src/report/standard-reports/budget.scm
@@ -90,7 +90,7 @@
     ;; optname-from-date optname-to-date "a")
 
     (gnc:options-add-price-source!
-     options gnc:pagename-general optname-price-source "c" 'average-cost)
+     options gnc:pagename-general optname-price-source "c" 'pricedb-nearest)
 
     ;;(gnc:register-option
     ;; options
diff --git a/src/report/standard-reports/equity-statement.scm b/src/report/standard-reports/equity-statement.scm
index 8c1b2b36a9..1aae965faf 100644
--- a/src/report/standard-reports/equity-statement.scm
+++ b/src/report/standard-reports/equity-statement.scm
@@ -142,7 +142,7 @@
     
     (gnc:options-add-price-source! 
      options pagename-commodities
-     optname-price-source "b" 'average-cost)
+     optname-price-source "b" 'pricedb-nearest)
     
     (add-option 
      (gnc:make-simple-boolean-option
diff --git a/src/report/standard-reports/income-statement.scm b/src/report/standard-reports/income-statement.scm
index 7c40395ae4..5b2c352827 100644
--- a/src/report/standard-reports/income-statement.scm
+++ b/src/report/standard-reports/income-statement.scm
@@ -185,7 +185,7 @@
     
     (gnc:options-add-price-source! 
      options pagename-commodities
-     optname-price-source "b" 'average-cost)
+     optname-price-source "b" 'pricedb-nearest)
     
     (add-option 
      (gnc:make-simple-boolean-option
diff --git a/src/report/standard-reports/sx-summary.scm b/src/report/standard-reports/sx-summary.scm
index 800c4ddbc4..f61608b7e0 100644
--- a/src/report/standard-reports/sx-summary.scm
+++ b/src/report/standard-reports/sx-summary.scm
@@ -171,7 +171,7 @@
     
     (gnc:options-add-price-source! 
      options pagename-commodities
-     optname-price-source "b" 'average-cost)
+     optname-price-source "b" 'pricedb-nearest)
     
     (add-option 
      (gnc:make-simple-boolean-option
diff --git a/src/report/standard-reports/trial-balance.scm b/src/report/standard-reports/trial-balance.scm
index fd7d9ad322..b3d2be9d15 100644
--- a/src/report/standard-reports/trial-balance.scm
+++ b/src/report/standard-reports/trial-balance.scm
@@ -221,7 +221,7 @@
     
     (gnc:options-add-price-source! 
      options pagename-commodities
-     optname-price-source "b" 'average-cost)
+     optname-price-source "b" 'pricedb-nearest)
     
     (add-option 
      (gnc:make-simple-boolean-option