U.S. Petroleum Imports Reach New High

During May 1997, the United States reached an all-time high in petroleum imports, with 52.4% net imports, according to the

Energy Information Administration of the U.S. Department of Energy.

Total imports in May were 57.2% of petroleum supplied, but the U.S. exports some petroleum to U.S. territories, resulting in lower

net imports. 1997 is well on the way to becoming a record in terms of dependence on imported oil.