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Posted December 1, 2020 Today in Energy

The United States briefly returned to net importer status for petroleum earlier this year ›

The United States imported more crude oil and petroleum products than it exported in May and June of this year, briefly reversing the country’s 15-year-long trend toward becoming a net petroleum exporter. After being a net petroleum exporter for seven consecutive months from October 2019 through April 2020, the United States became a net importer, and U.S. net petroleum imports averaged 939,000 barrels per day (b/d) in May and 675,000 b/d in June. On an annual basis, U.S. net imports of petroleum have fallen from a high of 12.5 million b/d in 2005 to 0.7 million b/d in 2019. More

monthly U.S. petroleum trade

Source: EIA, Petroleum Supply Monthly

Data Highlights

WTI crude oil futures price

11/30/2020: $45.34/barrel

up$2.28 from week earlier
down$9.83 from year earlier

Natural gas futures price

11/30/2020: $2.882/MMBtu

up$0.171 from week earlier
up$0.601 from year earlier

Retail gasoline price

11/30/2020: $2.120/gal

up$0.018 from week earlier
down$0.455 from year earlier

Retail diesel price

11/30/2020: $2.502/gal

up$0.04 from week earlier
down$0.568 from year earlier

Weekly coal production

11/21/2020: 11.151 million tons

up0.464 million tons from week earlier
down2.080 million tons from year earlier