How much does gas cost per barrel now?

Question

yea my dad wants us to do some research on the oil situation and this is the last questione i have to answer so please help.

Answer 1

Gasoline is not sold by the barrel. Crude oil is sold by the barrel, and a barrel is defined as 42 gallons. All petroleum products (gasoline, jet fuel, motor oil and so on) are made from refining crude oil.

The crude oil price per barrel can be found at this web site:

http://www.kitco.com/market/

Crude oil price per barrel is the last item in the 'Indicators' box at the left side of the page.