Author: 123jump.com Staff
123jump.com
Last Update: 13:40 PM ET July 13 2005

The deficit for the Jan-May period jumped from $207 billion in 2003 to $236 billion in 204 to $284 billion on 2005. The crude oil import for the month of May remained above 10 million barrels tracking the average import for the last two years for the similar months but average crude price per barrel jumped from $33.14 in 2004 to $43.08 per barrel. The 30% higher price of crude has not dampened the import of crude from a year ago.