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Jul 26, 2023 · The crude oil price ($/barrel) is given as: 115. Finally, calculate the Gas Price From Oil Price using the equation above: GP = OP / 33.69. The values given above are inserted into the equation below: GP = 115 / 33.69 = 3.41 ($/gallon) Example Problem #2: For this problem, the variables needed are provided below: crude oil price ($/barrel) = 100.
- Oil to Gas Ratio Calculator
G is the gas volume; To calculate the oil to gas ratio,...
- Oil to Gas Ratio Calculator
Oct 2, 2024 · The formula to convert crude oil price to gas price is given by: \[ GP = \frac{OP}{33.69} \] where: \(GP\) is the Gas Price From Oil Price in dollars per gallon, \(OP\) is the crude oil price in dollars per barrel. Example Calculation. If the crude oil price is $67.38 per barrel, the gas price is calculated as:
Jan 25, 2019 · Divide the day's crude oil price by 42. One barrel of crude contains 42 gallons. This will tell you the dollar amount per gallon of refined gasoline attributed to crude. For example, if crude oil is $100 per barrel, then about $2.38 of the price of a gallon of gas comes from the crude price. Divide the dollar amount per gallon of refined gas ...
Dec 20, 2023 · View Gas Price: The resulting gas price in dollars per gallon will be displayed in the output field. Example. Let’s consider an example: Crude Oil Price: $100 per barrel; Using the formula: Gas Price=$100/33.69≈$2.97. Therefore, with a crude oil price of $100 per barrel, the calculated gas price would be approximately $2.97 per gallon. FAQs
Brent moved up last week to about $115/barrel, consistent with an average U.S. retail price for gasoline of $3.71/gallon, just a little above its current value. So based on what has happened so far to the price of crude oil, I would not expect more than a minor further increase in the retail price of gasoline. Brent Crude Oil.
Fuel Cost Calculator. This calculator can estimate fuel cost according to the distance of a trip, the fuel efficiency of the car, and the price of gas using various units. The price of gas may go up or down, but it's always a major expense for most drivers. The average American driver spends about $3,000 per year on gas, according to the ...
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To use the Oil to Gas Price Calculator formula, follow these steps: Determine the oil price per gallon and the efficiency of the oil heating system. Determine the energy content per gallon of heating oil. Determine the gas price per therm and the efficiency of the natural gas heating system. Plug the values into the respective formulas for oil ...
