We report on the crystal structure and rotational isomerization of a poly(alkylthiophene) oligomer, 3',4'-dibutyl-2,2':5',2''-terthiophene. The X-ray crystal structure of this polythiophene oligomer shows an all-anti configuration with an approximately 33-degrees mean dihedral angle between adjacent thiophene rings. Measurements of the torsional barrier to rotation between thiophene rings have been performed for both the ground and first excited singlet states of this oligomer. The S0 barrier to rotation is measured to be 19.7 kcal/mol using H-1 NMR and the S1 barrier to rotation is determined to be 4.2 kcal/mol using fluorescence lifetime measurements. We discuss the significance of these results in the context of understanding structure/property relationships in poly(alkylthiophenes).