Oil calculated by barrell price

Question

how is oil calculated per gallon considering we know price per barrell?

Answer 1

A standard barrel of oil is 42 gallons.  Divide the price of a barrel by 42 and you'll get the price per gallon.  

Answer 2

it is not oil per gallon, it is gasoline per gallon, oil and gasoline are different.

Answer 3

You might notice that they abbreviate barrels BBL when they talk about price. That means British Barrels, which are 42 gallons.

Answer 4

Out of a barrel of oil only a certain amount is made into gas for cars.

some is made into jet fuel

some into home heating oil

some into desiel fuel.

There is no direct corilation for the barrel price to price per gallon.

But as the barrell price increases yes the cost per gallon will increase.

Don't forget a large portion on the price of gas, at least here in the US are state and federal taxes.