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Crude oil
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Itchy
Posted 1/12/2016 07:02 (#5029843 - in reply to #5029666)
Subject: RE: Crude oil


SW Iowa		Lets see,
19 gallons of gasoline and 12 gallons of diesel fuel are produced from a barrel of oil (42 gallon)
So, if gas goes to $1.00/gal, and diesel $1.25/gal, that is $34.00/barrel, not counting the remaining products from what is left to refine.
How much profit does big oil need on a barrel of oil to operate?

Edited by Itchy 1/12/2016 07:08
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