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How much does a gallon of IFO 380 cost?

Updated: 12/10/2022
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12y ago

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IFO 380 is a type of intermediate fuel oil, AKA bunker fuel. It is what a ship would use. Ship operators buy it by the metric ton rather than by the gallon. However, it is a good question because it puts the value in terms that a regular person can understand, that is, if a cruise ship pulled up to a giant pump, what would they pay per gallon?

Commodity price of IFO 380 as of 10 April 2012 was $735.00 per metric ton (yes, the price of that has gone up, too) A metric ton is 1000 Kilos. The density of IFO 380 is 0.991 grams per cc according to wikipedia. So 1000 Kg / 0.991 = 1009 liters. There are 3.785 liters to a gallon. so, 1009 / 3.785 = 266.58 gallons. Now, all we have to do is divide $735 by 266.58 and we get $2.73 per gallon. Hmm, I would have thought that they get a better deal than that.

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