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How much does oil cost per ton?

Updated: 9/17/2023
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13y ago

Best Answer

Light sweet crude weighs approximately 828 kg/m3.

One cubic meter = 264.17 gallons.

42 gallons in a barrel / 264.17 gallons in m3 = 0.16 m3 per barrel.

0.16 m3 x 828 kg = 132.48 kg per barrel.

One US (short) ton = 907.18 kg.

907.18 kg / 132.48 kg per barrel = 9.85 barrels per ton.

Multiply the current price of oil per barrel by 9.85 to get the price per ton.

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13y ago
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