The oil import numbers are in for April. As usual, the news is anything but good. As of last month, the average price has settled in comfortably above a floor of $100 per barrel.
According to figures just released, $102.25 was the average price per barrel of oil imported to the U.S. Meanwhile, the cost of a barrel produced here in the U.S. was almost $10 less per barrel.
Overall, there was a slight uptick in overall imports in April with 299 million barrels imported. This total amounted to 54% of the overall U.S. supply.
That works out to a little more than $1 billion a day or an astounding $708,564.10 per minute that left the U.S. economy and went overseas.