Petroleum "Quick Facts" for 2004

Gallons of Oil per Barrel - 42

Barrels of Oil per Metric Ton (U.S.) - 7.33

U.S. Crude Oil Production - 5,419,000 Barrels / Day

U.S. Crude Oil Imports - 10,088,000 Barrels / Day

U.S. Crude Oil Imports from OPEC - 5,042,000 Barrels / Day

Top U.S. Crude Oil SupplierCanada - 1,616,000 Barrels / Day

 
U.S. Petroleum Product Imports - 3,057,000 Barrels / Day
 

U.S. Petroleum Product Imports from OPEC - 659,000 Barrels / Day

Top U.S. Total Petroleum SupplierCanada - 2,138,000 Barrels / Day

U.S. Total Petroleum Exports - 1,048,000 Barrels / Day

U.S. Net Petroleum Imports - 12,097,000 Barrels / Day
 

U.S. Petroleum Consumption - 20,731,000 Barrels / Day

Dependence on Net Petroleum Imports - 57.8%

Crude Oil Domestic First Price (Wellhead Price) - $36.77 / Barrel

Motor Gasoline Retail Prices, U.S. City Average  - $1.92 / Gallon

Regular Grade Motor Gasoline Retail Prices, U.S. City Average  - $1.88 / Gallon
 

Premium Motor Gasoline Retail Prices, U.S. City Average - $2.07 / Gallon

Federal Motor Gasoline Tax - 18.4 Cents/Gallon

U.S. Motor Gasoline Consumption - 9,105,000 Barrels / Day
(382.4 Million Gallons / Day)

Share of US Oil Consumption for Transportation - 67%
 

U.S. Average Home Heating Oil Price - $1.55 / Gallon (Excluding Taxes)

Number of U.S. Operable Petroleum Refineries - 148

U.S. Proved Reserves of Crude Oil as of 12/31/2005 - 21,891 million barrels

U.S. Strategic Petroleum Reserve - 676 Million Barrels