What Influences the Price of Gasoline?
In 2021, the United States imported about 8.47 million barrels per day of petroleum from 73 countries and at the same time exported about 8.63 million barrels per day to 176 countries. About 51% of US petroleum imports came from Canada. Four other countries contributed the remaining majority of petroleum imports: Mexico (8%), Russia (8%), Saudi Arabia (5%) and Colombia (2%). "Not in my back yard" “While no new refineries have been built since 1976, the capacity of existin