Thread: Is gas really headed to $4/gallon again?
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Old 04-15-2024, 9:11am   #27
Onebadcad
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MUCH DEEPER MATH

USA consumes 20.0M barrels/day https://www.eia.gov/tools/faqs/faq.p...of%20petroleum.

USA imports 8.5M barrels/day X 365 = 3.1B barrels/year

Crude trading at $85/per, thus $265B/year leaves US economy for foreign crude purchases
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