semaj
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Question
How many gallons og oil in barrel of oil. I'm thinking about the correlation of unrefined oil futures we hear so much about to the price per gallon at the pump.
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-semaj
(5Q / 39A)
Wed Nov 7, 2007 7:33pm
1 barrel = 31 US gallons (so barely a tank of gas in a nice new SUV!)
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elvis
(80Q / 431A)
Wed Nov 7, 2007 7:34pm
So idealy at yesterdays high 98 it would be 3.16 a gallon plus taxes and refining costs. Interesting. Thank you
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semaj
(5Q / 39A)
Wed Nov 7, 2007 7:37pm
42 gallons a barrel of crude oil
last answer was wrong.many places say 42.
~23 gallons of gasoline can be refined from a barrel of oil.
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quink
(53Q / 884A)
Wed Nov 7, 2007 7:37pm
yup sorry, 42 gals in barrel crude oil (at $98 bar = $2.33 / gal)
23 gal of gas from that barrel gives about $4.26 / gal + costs & taxes
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elvis
(80Q / 431A)
Wed Nov 7, 2007 7:52pm
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