Accounts Quote by Gary Miller
“The price of crude oil accounts for 55 percent of the price of a gallon of gasoline, driven by global supply and demand. The United States depends on foreign sources of oil for 62 percent of our nation's supply. By 2010, this is projected to jump to 75 percent.”
About This Quote
Source Report: Energy Statistics, 2005, United States Energy Information Administration
Oil dominates gasoline cost; US reliance on foreign oil is high and rising.
In simple terms: Oil makes up most of gasoline price; US depends heavily on foreign oil.
Key Takeaway
Reduce reliance on foreign oil and diversify energy sources.
Themes
energy
economics
policy
environment
geopolitics
Mood
concerned
urgent
analytical
Type
informative
policy-oriented
When to use this quote
- transportation
- government planning
- consumer budgeting
- environmental advocacy
Key Concepts
energy security
price volatility
global trade
Questions to Reflect On
- How can the US increase domestic oil production responsibly?
- What alternative energy sources could reduce dependence?
A Different Perspective
Domestic production may not meet demand; transition costs are high.
