Hmm, (caution reading this may reduce your IQ as this was just a random progression of thought and data). lol
A barrel of oil contains 42 U.S. gallons of crude oil and other petroleum products.
It takes about 3 barrels of oil to produce 2 barrels of unleaded gas and 1 barrel of heating oil
So 126 gallons of crude makes 84 gallons of gas and you get a bonus 42 gallons of heating oil.
So just ignore the heating oil. If you just got 84 out of the 126 then we are at around ?28? gallons of gas for every 42 gallon barrel...
That would then be 4.11 a gallon for the gas. Then the refining is estimated to cost anywhere from .30 to .60 a gallon. So lets just say .45 for the heck of it. Now we are at 4.56 a gallon if it was JUST gas we got out of the oil. Then add tax depending on your state which I would think would stay below the $5 mark.
One thing they are not telling you is that a 42-gallon barrel of crude oil can actually produce 44.2 gallons of petroleum products. So there is a lot more money to be made there than just the 28 gallons of gas and 14 gallons of heating oil as there are a couple more gallons of other products to be made as well.
With just heating oil selling around 3.22 a gallon I would guess it's costs are around the same so now lets just go back to counting 42 gallons as 42 gallons thus a 42 gallon barrel of oil at $108 a barrel = 2.57 + .60 = 3.17 + 6% for good measure = 3.36. WHoA! Wait? What? lol
Now lets take into factor all those other products made out of that barrel of oil. You can bet the 28 gallons of gas will be made but how much heating oil is made? How much is motor oils that sell around $10 or more a gallon? Hmmm. Guess I was wrong on all counts... lol
--------------------Amount
--------------------Produced------Percent
Product---------- (gallons)-------of Total
Heating oil--------1.38-----------3
Gasoline----------18.56---------42
Diesel-------------10.31---------23
Jetfuel-------------4.07 ----------9
Other products --10.41----------23
Total--------------44.73---------100
Accorinding to some sites here's an approximation of where each dollar you spend on gas goes:
•Taxes: 13 cents
•Distribution and Marketing: 8 cents (why do they need to market gasoline? lol)
•Refining: 14 cents
•Crude oil: 65 cents.
Whats wrong with this Chart?
Another neat one
Hmmm that = 45 gallons...
This note was below pic Note: A 42-U.S. gallon barrel of crude oil yields about 45 gallons of petroleum products
Interesting from -
http://www.r3sciences.com/crude_oil_a_b ... of_re.html
The largest share of the 42 gallons of crude oil ends up as a finished motor gasoline. Motor gasoline accounts for 19.65 gallons (~ 47%) of the finished products produced from a barrel of crude oil. Next is distillate fuel or diesel at 10.03 gallons (~ 24%) . A distant third is jet fuel at only 4.07 gallons per barrel (~ 10%) of crude. Residual oil is typically around 1.72 gallons per barrel (~ 4%).
Other petroleum products that are created from a barrel of oil during the refining process include: still gas, petroleum coke, liquified refinery gas, asphalt and various oils for lubricants, kerosene, waxes and other miscellaneous products. These "other" hydrocarbon products account for the final 15% of the barrel or around 6.53 gallons of the 42 gallon barrel.
The largest consumption from a barrel of crude oil goes to diesel for on and off road transportation vehicles. So in order to meet the demand for diesel a larger volume of gasoline is produced. In some ways this explains why the wholesale price for gasoline and diesel are disconnected and one can go down while at the same time the other holding steady or climbing
From that we could get better at the figures for what a gallon of gas (before tax which varies by state) should cost.
Anyone else want to try to figure it? lol
Buy American, the job you save just might be your own.
Just sayin....
