April 2008 Import Highlights: June 13, 2008
Preliminary monthly data on the origins of crude oil imports in April 2008 has been released and it shows that two countries exported more than 1.50 million barrels per day to the United States. Including those countries, a total of three countries exported over 1.20 million barrels per day of crude oil to the United States. The top five exporting countries accounted for 69 percent of United States crude oil imports in April while the top ten sources accounted for approximately 89 percent of all U.S. crude oil imports. The top sources of US crude oil imports for April were Canada (1.952 million barrels per day), Saudi Arabia (1.453 million barrels per day), Mexico (1.259 million barrels per day), Nigeria (1.115 million barrels per day), and Venezuela (1.019 million barrels per day). The rest of the top ten sources, in order, were Iraq (0.679 million barrels per day), Angola (0.579 million barrels per day), Algeria (0.393 million barrels per day), Brazil (0.201 million barrels per day), and Kuwait (0.176 million barrels per day). Total crude oil imports averaged 9.921 million barrels per day in April, which is an increase of (0.303) million barrels per day from March 2008.
Millet
Average Oil Company Profit 0.18 gallon
Average Crude cost $3.30 gallon (largest portion of total cost)
