a barrel of oil has 42 gallons
OPEC is selling a barrel of oil for $60
After refining it is brought down to 20 useable gallons
that is $3.00 a gallon + tax.
Am I doing the calculations wrong?
Gas is not $3.00/gallon.
So how much does it cost the oil companies for 1 gallon?
OPEC is selling a barrel of oil for $60
After refining it is brought down to 20 useable gallons
that is $3.00 a gallon + tax.
Am I doing the calculations wrong?
Gas is not $3.00/gallon.
So how much does it cost the oil companies for 1 gallon?