US Petroleum Imports Equal 10% of Consumption
"Biden administration does not 'have a strategic interest' in sanctioning Russian oil, White House says" Americans consume approximately 338,000,000 (338 million) gallons of gasoline each day at, let’s say, $3.59 per gallon. That’s $1,213,420,000 (a billion and a quarter about) paid out each day. I’m not going to get into profit margins and all that. I’m sure you’ll get the point shortly. 10% of the petroleum and finished petroleum products imported into the United States comes from Russia. I saw a ‘trained analyst’ employed by the government who said ‘it’s really not that much.’ (Tell that to the hundreds of thousands ...