Crude oil is crude oil, there is no such thing as gas oil. Gasoline is refined from crude oil. 1 barrel of Benchmark crude oil for May delivery is currently $48.20 as of 3/31/09.
There are 42 gallons of crude oil per barrel and that makes about 19 gallons of gas.
About 19.6 gallons per barrel of crude oil. Each barrel holds 42 gallons of oil.
1 barrel of oil = 158.987295 liters 1 barrel of oil = 42 US gallons
19.5 galons of gas
In December 2009, the price of crude oil was $70.53 per barrel.
One barrel of crude oil produces about 19.6 gallons of gasoline.
There are 42 gallons of crude oil per barrel.
The oil companies refine about 19.6 gallons of gasoline from each 42-gallon barrel of crude oil.
UK Oil cost £112.56/Barrel US Oil cost $102.12/Barrel Save
There is no logical answer to this question. Gas at my local Arco was $1.55 when oil was $45 a barrel. Now oil is $36.00 a barrel and gas has risen to $1.99. This is a clear case of price fixing and manipulation. The oil companies are hoping we are so happy with sub $4.00 gas that we wont notice the sneaky ratching up the the price when it should be falling. Based on my calculations gas should now be $1.24 a gallon or 34.45% of the price of a barrel of oil.
A barrel of gas costs about $75 dollars now
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