Oil to gasoline
- Thread starter JonB2004
- Start date
A barrel holds 42 gallons of crude oil, latest technology is able to refine a little over half of it into gasoline.
Here's a nice link I found for you:
http://www.energy.ca.gov/gasoline/whats_in_barrel_oil.html
Finished Motor Gasoline 51.4%
Distillate Fuel Oil 15.3%
Jet Fuel 12.6%
Still Gas 5.4%
Marketable Coke 5.0%
Residual Fuel Oil 3.3%
Liquefied Refinery Gas 2.8%
Asphalt and Road Oil 1.9%
Other Refined Products 1.5%
Lubricants 0.9%
http://www.energy.ca.gov/gasoline/whats_in_barrel_oil.html
Finished Motor Gasoline 51.4%
Distillate Fuel Oil 15.3%
Jet Fuel 12.6%
Still Gas 5.4%
Marketable Coke 5.0%
Residual Fuel Oil 3.3%
Liquefied Refinery Gas 2.8%
Asphalt and Road Oil 1.9%
Other Refined Products 1.5%
Lubricants 0.9%
It would then seem to follow,
that if the price of a barrel of crude goes up by 5 dollars, and we get about twenty gallons of gasoline from every barrel of oil, the price of a gallon of gasoline should go up by roughly one twentieth of that. Since the oil companies are making record profits, and the price of a litre of gas is going up so fast it's hard to keep track of it, we are getting screwed.
that if the price of a barrel of crude goes up by 5 dollars, and we get about twenty gallons of gasoline from every barrel of oil, the price of a gallon of gasoline should go up by roughly one twentieth of that. Since the oil companies are making record profits, and the price of a litre of gas is going up so fast it's hard to keep track of it, we are getting screwed.