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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).
What else can I help you with?
How much was a barrel of crude oil worth?
That was the month and year that a barrel of crude oil reached its highest level: $128.08 per barrel.
How can oil companies deal with the relative supply and demand for petrol and diesel fractions?
The supply and demand for diesel and gasoline (petrol) creates problems for refineries because sometimes the vehicle fleet demand does not match the product distribution produced by the refinery. If diesel demand is much higher than gasoline demand, but gasoline and diesel are produced in relatively equal amounts, then the gasoline will be oversupplied to the market. A refinery can only affect its product distribution slightly and each refinery is built to process a particular type of crude oil. Switching crude oils in a refinery requires complex analysis of metallurgy, capacity limitations, and profitability.
How much money is made with one barrel of crude oil?
1245 dollars
How much does crude oil cost?
This is much in the news and seems to increase every week. At present about $135 per barrel
How much was the price per gallon of gas in the 1800s?
There was no network of petrol (gas) supply points in 1800s. Cars were only invented in Europe in 1885, so the advent of motor transport (and petrol stations) was not until 1900s.
One barrel petrol how much cost in rupees?
one barrel of crude oil costs arount 1600 rs..
1 barrel of crude oil equals how many litres of petrol?
One Barrel of Crude Oil makes 19.5 gallons of Gasoline, which converts to 73.8 liters of petrol/gasoline.I like to know How much of Crude Oil is in one barrelIt depends on what kind of oil you are talking about. For gasoline, 19.5 gallons.
How much is petrol for 1 mile?
The cost of petrol for 1 mile will depend on the fuel efficiency of your vehicle (miles per gallon) and the current price of petrol. As a rough estimate, if your car gets 25 miles per gallon and petrol costs $3 per gallon, then it would cost you around $0.12 per mile in petrol costs.
How much does diesel cost in the US?
Diesel AKA Petrol costs about $3.60 for the gallon in todays economy.
Despite of the fall in the crude oil prices why has the petrol n desil price not declined?
Petrol and diesel prices in the UK certainly have declined in recent weeks. Unleaded was £1.25 per litre, now it's 90 pence per litre. Much of the price is tax, so the decline is not exactly in line wirth crude oil prices.
How much is a liter of petrol in Newcastle?
A litre of Petrol in NewCastle, England costs around å£5, but the prices vary according to the location and uptodate info should be obtained regarding the same.
How much does petrol cost in Dubai?
Dubai is located in the United Arab Emirates, commonly seen as the global oil hub. As such, gas prices are cheap where a litre of petrol in Dubai costs around $0.48.
How much does it cost to make a bag?
On a worldwide base (per year) it costs $2,517,400,000,000.00! But that's just half of it - what I mean is that $2,517,400,000,000.00 is only how much it costs to mix the crude oil and petroleum together. To have the exact amount you need to find out how much lubricants and asphalt is produced for the making of plastic bags (on a yearly basis) and then multiply it by 30,700,000,000 - which is the number of barrels of crude oil is made each year. And crude oil because that is the main ingredients when producing plastic bags!
Why does petroleum have to be refined?
Petroleum comes out of the ground as crude oil. Crude oil has different properties it is not clean and depending on where it is from needs cleaning up and the removal of components that are not desirable in the running of an engine. Crude is divided into many different products ranging from plastic to petrol to highly refined fuels like petrol. To run an engine on straight crude oil you would need a much bigger engine much more fuel and it would prove to be environmentally very bad.You would also need a totally different system for getting the fuel into the cylinders because crude oil is very thick and would not flow or evaporate like petrol
Why you cannot convert a petrol engine into a diesel engine?
Diesel engines fire on compression rather than spark. This requires that a diesel engine be made much stronger than a petrol engine. All internal components are made to much stronger specifications. A petrol engine could not handle the higher compression and would self destruct.
What is diesel oil made of?
i was always told that is a very much lower grade of petrol Diesel fuel, being a 'heavy oil', is the heaviest distillate of crude oil and comes out of the bottom level of the distillation towers in an oil refinery. Petrol is a light spirit, and is collected at the top of the distillation towers.
How much does it cost to convert your tub to a walk in tub?
That generally costs about 3,500 -5,000 with material and labour.
