Rerun Of An Old Useless Fact

Feb 27, 2011 15:26

A Barrel of Oil is 31.5 Gallons (4032 ounces, or 56 six-packs). Don't ask me who decided this matter.

$97.88/Barrel equals $3.11/Gallon of Crude. Refine it, take stuff out of it, put more stuff in it, add sales taxes and maybe a nickle or two of profits to the individual gas station, and there you have it.

Told you it was useless.

FP

money, environment, oil, tax, business, gasoline, transportation, geoeconomics, petroleum

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Comments 2

godai February 28 2011, 15:01:57 UTC
One 42gal gallon barrel of crude oil yields:

19.5 gallons of gasoline
9.2 gallons of distillate fuel oil (diesel fuel and home-heating oil)
4.1 gallons of kerosene-type jet fuel
2.3 gallons of residual fuel oil (used in industry and marine transportation and for election power generation)
1.9 gallons liquefied refinery gases
1.9 gallons still gas
1.8 gallons coke
1.3 gallons asphalt and road oil
1.2 gallons petrochemical feedstock
0.5 gallons lubricants
0.2 gallons kerosene
0.3 gallons other (don't ask me, I have no clue :) )

* The total volume of products made is 2.2 gallons greater than the original 42 gallons of crude oil, representing a processing gain.

from
http://en.allexperts.com/q/Oil-Gas-3147/Gallon-gas.htm

Wiki also cites 42 gal/bar

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frustratedpilot February 28 2011, 16:07:44 UTC
The 31.5 Gallon Barrel is a market definition.

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