0
Gasoline is a refined product derived from crude oil. Crude oil is a natural resource extracted from the ground, while gasoline is a processed fuel used in vehicles. The main difference is that crude oil is the raw material, while gasoline is the end product after refining crude oil.
What else can I help you with?
How do gasoline prices compare to oil prices currently?
Gasoline prices are typically higher than oil prices because gasoline is a refined product of crude oil and includes additional costs such as refining, transportation, and taxes. The prices of gasoline and oil are influenced by different factors, so they do not always move in sync.
How much United States oil is exported?
There is no official answer to how much crude oil is being exported that is easy to find online. There is, however, a Forbes article dated July 3rd, 2008, that provides the following about refined products such as gas and diesel: "A record 1.6 million barrels a day in U.S. refined petroleum products were exported during the first four months of this year, up 33 percent from 1.2 million barrels a day over the same period in 2007. Shipments this February topped 1.8 million barrels a day for the first time during any month, according to final numbers from the Energy Department." Based on the Energy Information Agencies' (EIA) numbers, the US uses approximately 20 million barrels of crude a day. The EIA also reports that 1 barrel of crude (42 gallons) makes approximately 20 gallons of gasoline and 7 gallons of diesel. Assuming that most of the exported products are gasoline and diesel, and knowing from calculating that roughly 64% of a barrel of crude oil (which is the percentage of gasoline and diesel that comes out of a barrel of crude oil) can be refined into gasoline and diesel, then the 1.6 million barrels a day being exported represents roughly 2.2 million barrels of crude a day or about 10% of the crude oil used daily by the US. It may be accurate to say that no crude oil is being exported from the US, but up to 10% of our crude oil is being exported in the form of refined products. This makes the argument that the US has a shortage of refining capacity to handle the US market questionable at best. The assumption made here is that most of the refined products being exported are gasoline and diesel instead of other oil related products. If this assumption is way off, please post what the correct stats are and a reliable source for any correction.
How much oil in a us barrel?
There are 42 gallons of crude oil per barrel.
What is meant by the term market power?
Market power is an often used term in studying economics and understanding why things happen in the business world. Generally speaking, market power means that a company or an industry can influences prices of various products. A large oil company for example, can influence market prices of crude oil by pumping out an unusual amount of crude oil for the market place. This in its course will lower crude prices.
What does England export to Canada?
The largest exports from the United Kingdom to Canada are crude oil and manufactured goods.
Gasoline and oil come from?
Gasoline is refined from crude oil, and crude oil comes from the earth.
Is gasoline an oil?
Gasoline is processed from crude oil. It is not oil but it is from oil. Diesel is a type of oil and it is also made from crude.
Is automobile oil gasoline?
No, oil is oil and gasoline is gasoline, although gasoline is refined from crude oil.
How does crude oil turn in energy?
Crude Oil is refined into gasoline.
How many gallons of gasoline are there in a barrel of crude oil?
Zero. A barrel or crude oil contains... crude oil.
How is gasoline obtained from crude oil?
Gasoline is obtained from crude oil through a process called fractional distillation. Crude oil is heated to separate it into different components based on their boiling points. Gasoline is one of the lighter components that is separated out during this process.
How many gallons of gasoline from a barrel of crude oil?
Each barrel of crude oil produces about 19.6 gallons of gasoline.
Where do you find gasoline?
Gasoline is refined from crude oil at a refinery.
What is the crude oil turned into?
refined oil(gasoline)
How many gallons of gasoline come from a 42 gallon barrel of crude oil?
About 19.6 gallons of gasoline from each barrel of crude oil.
What is the main difference between crude oil and petroleum oil?
Crude oil is the raw, unrefined form of oil extracted from the ground, while petroleum oil refers to the refined products obtained from processing crude oil, such as gasoline, diesel, and jet fuel. Petroleum oil is the end product that is used for various purposes, whereas crude oil is the starting material before refining.
Crude oil refinery?
Purifies the crude oil coming in to be useful for Gasoline, Diesel, etc.
