In 2021, the United States returned to importing more petroleum (which includes crude oil, refined petroleum products and other liquids) than it exports following its historic shift to being a net exporter of petroleum in 2020. According to the U.S. Energy Information Administration’s (EIA) February 2022 Short-Term Energy Outlook (STEO), the agency expects net crude oil imports to increase, making…
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Americans Gassed Up This Summer
Nov. 3, 2016 – A lot of gas tax money was collected this summer. U.S. gasoline consumption rose to 9.7 million barrels a day in June, according to the U.S. Energy Information Administration (EIA). That’s a new one-month high, exceeding the last one established in July 2007, when consumption hit 9.6 million barrels a day. For all of summer 2016,…
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