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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: GREENLAW4-7 who wrote (102269)6/7/2008 1:47:05 PM
From: KyrosL  Read Replies (1) of 206105
 
"200 crude is easily $7 per gallon"

There are 42 gallons in a barrel. 200/42 = $4.76 per gallon in oil cost if all 42 gallons were made into gasoline. Add a dollar a gallon for refining, taxes, and for the fact that some of the 42 gallons are turned into slightly less valuable crack products on the average, and $5.75 per gasoline gallon sounds about right for $200 per gallon oil.
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