A Visualization Of U.S. Crude Oil Consumption

The U.S. has long dominated crude oil consumption around the world, as the insatiable need for the fossil fuel has long powered the economy. According to EIA estimates, the U.S. gobbles up around 18.9 million barrels of oil each day, or about 7 billion per year, the highest such figures in the world. While the nation may be close to supporting itself in terms of domestic oil production, it still will not change the fact that the U.S. relies more heavily on crude than any other country in the world [for more oil news subscribe to our free newsletter].

With all of the exorbitant spending needed to keep the U.S. afloat, we thought it would be fun to visualize just how much money is spent each day on this energy commodity. Assuming a price of $95 per barrel, the U.S. spends $1.795 billion each day on oil. In an effort to help our readers get a better grasp for just how large that figure truly is, we offer a visualization of America’s daily oil consumption.


Oil Consumption


The list includes everything from F-16 Fighter Jets and national debt, to Babe Ruth autographed baseballs and rounds at the coveted Pebble Beach golf course. Click here to take a look at the list and be sure to let us know if there is anything you would like to see added!

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Disclosure: No positions at time of writing.

This entry was posted in Energy, News and Current Events, WTI and tagged , , . Bookmark the permalink.

Commodity HQ is not an investment advisor, and any content published by Commodity HQ does not constitute individual investment advice. The opinions offered herein are not personalized recommendations to buy, sell or hold securities or investment assets. Read the full disclaimer here.

2 Responses to “A Visualization Of U.S. Crude Oil Consumption”

  1. mfan2 says:

    You don’t “spend” money on oil, you make money by using oil. It more than pays for itself. Duh.

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