Better Fill up today

frawin · August 15, 2011, 08:06:30 AM

Crude has moved up, now trading at $86.89, up $1.51.

frawin · August 16, 2011, 06:45:47 AM

Crude is trading at $86.49, down $1,39. Our neighborhood pump price is $3.32.

frawin · August 16, 2011, 02:25:23 PM

Crude settled at $86.65, down $1.23 on the day.

frawin · August 17, 2011, 06:43:18 AM

Front Month crude is trading at $88.18, up $1.53.

frawin · August 17, 2011, 02:48:23 PM

Crude Oil settled at $87.58, up $0.93 on the day.

Ms Bear · August 17, 2011, 08:13:50 PM

I have a question about crude oil. How many gallons are in a barrel? Had a conversation with my son about this and really need an answer. Thankyou.

Pat

srkruzich · August 17, 2011, 09:08:18 PM

Quote from: Ms Bear on August 17, 2011, 08:13:50 PM
I have a question about crude oil. How many gallons are in a barrel? Had a conversation with my son about this and really need an answer. Thankyou.

Pat

42 gallons in a barrel of which around 19.5 is refined into gas.

Ms Bear · August 17, 2011, 09:33:18 PM

Thankyou. Had not really thought about how much was in a barrel until our conversation tonight and knew I could get an answer from the forum.

frawin · August 18, 2011, 07:09:13 AM

Crude Oil is trading at $84.95, down $2.63.

frawin · August 18, 2011, 07:15:54 AM

Quote from: srkruzich on August 17, 2011, 09:08:18 PM
42 gallons in a barrel of which around 19.5 is refined into gas.

The 42 Gallons is correct, the 19.5 is not, there is a very wide difference in what a barrel of oil yields. The Gravity, Sulfur, Wax, the Refinery Capabilities all have a big impact on what a barrel of crude oil will yield. Some of the Mexican crudes are very high in wax. Some Refineries yield more Diesel, or more Gasoline, more Fuel Oil, etc. The inherent vices of crudes is why there are so many price differentials in crude.