Profit in a barrel of oil can vary significantly based on factors such as production costs, market prices, and geopolitical influences. Generally, the profit margin is influenced by the difference between the selling price and the total cost of extraction, refining, and distribution. As of late 2023, oil prices have fluctuated widely, making it difficult to pinpoint an exact profit figure. On average, profit margins can range from a few dollars to over $20 per barrel, depending on these variables.
$2.00 per gallon of crude
1 barrel of oil = 158.987295 liters 1 barrel of oil = 42 US gallons
it seems to me that the oil companies paid the people who can answer this question to keep their mouths closed so that nobody will know the true amount.
That was the month and year that a barrel of crude oil reached its highest level: $128.08 per barrel.
The future cost of a barrel of oil is calculated by examining projections of how much oil is available as compared to how much oil is being used or is in demand. Prices spike when the demand for oil exceeds its availability, from all sources.
2.00 dollars
$2.00 per gallon of crude
1 barrel of oil = 158.987295 liters 1 barrel of oil = 42 US gallons
it seems to me that the oil companies paid the people who can answer this question to keep their mouths closed so that nobody will know the true amount.
There are 42 gallons of crude oil per barrel.
UK Oil cost £112.56/Barrel US Oil cost $102.12/Barrel Save
The average price of a barrel of oil in 1966 was around $2.93.
$49.32 per barrel.
That was the month and year that a barrel of crude oil reached its highest level: $128.08 per barrel.
There are 42 gallons of crude oil per barrel and that makes about 19 gallons of gas.
60%
An industry-standard barrel of oil contains 158.987295 liters.