This is much in the news and seems to increase every week. At present about $135 per barrel
In a simple illustration, let's assume an oil company is paying $100 for a barrel (42 gallons) of basic crude oil. Their cost for a gallon will be about $2.38. At a gasoline-pump price of $4.00 per gallon. so, result comes as cost of converting one gallon crude oil is $1.62 (4.00-2.38=1.62).
The average cost for a barrel of crude oil in 1999 was: $16.56 (about $21.67 in 2010 dollars).
In 1975, the average cost of a barrel of crude oil was approximately $11.65. This period followed the 1973 oil crisis, which had significantly increased oil prices. The market was characterized by fluctuations due to geopolitical tensions and changing demand dynamics. Overall, oil prices in the mid-1970s were much lower than those seen in later decades.
That was the month and year that a barrel of crude oil reached its highest level: $128.08 per barrel.
$17.75 per barrel (about $33.85 in 2010 dollars).
The cost of crude oil would be about $108.50.
$128.08 per barrel in July 2008.
I personally produce or import no crude oil
In a simple illustration, let's assume an oil company is paying $100 for a barrel (42 gallons) of basic crude oil. Their cost for a gallon will be about $2.38. At a gasoline-pump price of $4.00 per gallon. so, result comes as cost of converting one gallon crude oil is $1.62 (4.00-2.38=1.62).
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.
Heavy crude oil is typically cheaper than light crude oil because it requires more processing to remove impurities and make it usable. This additional processing increases the overall cost of production, which is then reflected in the price of heavy crude oil compared to light crude oil. Additionally, heavy crude oil tends to have higher sulphur content, which can further increase the cost of refining.
one barrel of crude oil costs arount 1600 rs..
If you drink crude oil you will likely get diarrhea. Depending on the source of the crude and how much you drink you may experience other gastrointestinal problems. Drinking crude oil is NOT a good idea.
The answer will depend on what kind of oil: crude oil, cooking oil, essential oil. My guess is that the prices will differ by at least three orders of magnitude (a factor of a thousand).
The average cost for a barrel of crude oil in 1999 was: $16.56 (about $21.67 in 2010 dollars).
100$ haha jk i really dont no sorry! There are 42 gallons of crude in a barrel and a barrel runs about $80, so a gallon of crude cost about $2, but there are a lot of things in that barrel besides gasoline.
About 19.6 gallons per barrel of crude oil. Each barrel holds 42 gallons of oil.