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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
O is the oil volume; G is the gas volume; To calculate the...
- Oil to Gas Ratio Calculator
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 ...
We will explain another futures contract example with the above oil futures contract: The Crude Oil WTI Feb '22 (CLG22). From the contract specification we see: T i c k s i z e = 1 c e n t / b a r r e l \small \rm{Tick \ size = 1\ cent/barrel} Tick size = 1 cent/barrel. if the contract has 1000 barrels, then: T v = 10.00 U S D \small \rm{Tv ...
Oct 2, 2024 · Why is the conversion factor 33.69 used in calculating gas price from oil price? This factor represents an average yield of gasoline that can be refined from a barrel of crude oil, considering various grades of oil and refining technologies. This calculator simplifies the translation from crude oil prices to gas prices, making it an invaluable ...
Oct 5, 2024 · Gasoline Price Calculator Based On Current Brent Crude Oil Price. How do daily events effect the price you will expect to pay for gasoline? Enter the current price of Brent Crude Oil to see the estimated gasoline price. Crude Oil Price Data. Input Data. Values. Price per Barrel of Brent Crude Oil. Estimated average U.S. gasoline price.
Price. 1 Barrel = 42 Gallons. Oil (WTI) Price Per 1 Gallon. 1.68 USD. 1 Barrel ≈ 0,136 Tonnes of Crude Oil. Oil (WTI) Price Per 1 Ton. 519.78 USD. 1 Barrel ≈ 158,98 Liters. Oil (WTI) Price Per ...
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NYMEX E-mini Crude Oil Energy Futures. The value of a $ /bbl price move on this contract = Calculate $. CME Group is the world’s leading derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME ...
