Would be nice if there was a way to pre-purchase a large volume of gas at these low prices (5,000 gallons or so); and then redeem it over time at the fuel pumps when the price jumps back up.
Would be nice if there was a way to pre-purchase a large volume of gas at these low prices (5,000 gallons or so); and then redeem it over time at the fuel pumps when the price jumps back up.
21 years Army (retired)
...been everywhere, seen everything, done almost everything.
IBA 80537
Can anybody remember what we were paying for gas the last time crude was selling for $27.00 a barrel? You know before the Bush administration declared a crude shortage. Seems to me it was under $1.00 a gallon. So why are we now paying 30% more under Obama? Seems we can't win when the game is rigged by the Gods of Washington.
I have noticed though, the Russians are upset as their oil based economy is faltering Yugoslavia and the Arabs are losing their ability to buy munitions. HMMMMM sounds like a good plan to me!
I might even change the oil in my bike this month!
Does all this mean the price of cars will fall accordingly?
Riding a Goldwing is like opening a can of testosterone.
Go Green - Recycle Congress!!!!
Last summer a barrel of crude was slightly over $100. Now it is around $27. A barrel hold 55 gallons, and there are 4 quarts in each gallon. So there are 220 quarts in each barrel. Since the price of a barrel has dropped by approx. $75, or 75%, why do we still pay between $4 -$6 for a quart of oil at our Dealers and auto parts stores. Gas should not be the only petroleum product that the price should drop significantly. Some how, the oil companies are still making very good profits, despite what we see on Wall Street.
Oil comes in 42 gallon bbls has to be highly refined depending on gravity, the blacker the lower the grade, WTI (West Texas Intermediate) where i'm from is a middle grade, I'm not a chemist so can't tell you what yield is on oil to gas, but 1 bbl oil will yield from mineral spirits to grease.
You are correct, my mistake on the comment of 55 gallons in a bbl of crude. I did a Google search on the issue of, how much gasoline from 1 bb of crude. The answer I got was, crude is heated to 370 degrees. it evaporates, and the lighter molecules rise up 1st, then is separated, and cooled back to liquid form. These are usually gasoline products, then a bit heavier for diesel, etc. The article stated a 42 gal bbl of crude will produce approximately 19 gallons of gas, 10 gallons of diesel, 4 gallons of jet fuel, and 9 gallons of "other" petrol products. That is a lot of products from a $27 barrel. Anyway, I'm no chemist, so I can't verify what the article stated. I was just interested. I am enjoying filling my fuel tank nowdays. Was $1.67 in town today.