Does Sheetz buy Middle Eastern gas?

Answer 1

Sheetz, Inc. is not in the business of buying or refining crude oil from any country. Furthermore, we do not import gasoline but instead buy it on a domestic basis (already imported). Therefore, we do not know or control where the crude oil or gasoline comes from. We buy gasoline (a product made from crude oil), for example, indirectly via the New York Mercantile Exchange (Nymex). We are then supplied with the actual gasoline product by three main U.S. refineries who are in the business of purchasing and refining crude oil.

The U.S. imports about 60% of its crude oil requirements. Currently, the leading supplier of crude oil to the U.S. is Canada, followed by Saudi Arabia, Venezuela, Mexico and the United Kingdom. However, because crude oil is transported to the U.S. from so many places and immediately "mixed" in tanks and petroleum pipelines for transportation to the refineries, it is impossible to determine exactly "where" the oil came from. Likewise, in most areas of the U.S. gasoline from different refiners is mixed together for transportation by a common pipeline network.

Sheetz, Inc. does and will continue to buy oil responsibly while providing high quality products to our customers. Sheetz, Inc. buys most of its product from companies that do not import oil from the Middle East. Although we buy most of our product from these companies, market conditions cause us to rely, at times, on suppliers that may import oil from the Middle East. Therefore, until the U.S. becomes less dependent upon imported oil, most companies, including Sheetz, Inc., may be forced to indirectly satisfy demand with imported oil.