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Gas pricing

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posted on Sep, 22 2005 @ 01:26 PM
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I was watching THE O'RIELY FACTOR last night and he was saying that the only reason gas should be $3 a gallon is if oil was $95 a barrel.How did they come up with this and how do they determine what they will charge.How much gas can you make from 1 barrel?




posted on Sep, 22 2005 @ 01:34 PM
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*trying to be ladylike*

They are sticking it to us, dear, thats why.


The world as WE know it is ending, i beleive this now.



posted on Sep, 22 2005 @ 02:18 PM
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To answer the question. I believe it's about 20 gallons of gas from a 42 gallon barrel. The remaining portions are made in to diesel, jet fuel, plastics, ect. I don't know what the refinery and transportation cost are, but just look at the current profits the oil companies are making and you'll see that they are making off with a load of loot.

Source eia.doe.gov


[edit on 22-9-2005 by dbates]



 
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