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?
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.
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