Is a barrel of oil forty gallons or fifty gallons?

Winterblues

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Wed May-21-08 04:24 PM
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Is a barrel of oil forty gallons or fifty gallons?

If it is forty gallons as I suspect then unrefined crude oil is now selling for $3.32 a gallon. It takes quite a bit to refine it into gasoline so $4.00 a gallon is not even close to what it will have to be if these prices continue..

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DS1

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Wed May-21-08 04:24 PM
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1. standard is 55, I believe

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kevinmc

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Wed May-21-08 04:25 PM
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2. 55 .n/t

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Arger68

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Wed May-21-08 04:27 PM
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3. Actually it is 42 gallons, as sold on the

board of trade. I think each barrel yields around 43-44 gallons of product after "cracking".

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