Does the propane price follow the crude oil price?

Answer Yes, the price of propane follows the price of crude oil. Propane is one of a number of fuels produced from crude oil. Other factors that influence the price of propane include market demand based... Read More »

Top Q&A For: Does the propane price follow the crude oil price

What affects the price of crude oil?

Crude oil prices change, depending on varying factors in the marketplace. Historically, such changes have been difficult to predict. The model of supply-and-demand generally applies, but other fact... Read More »

What percentage of a gallon of gasoline is due to the price of crude oil?

According to the Department of Energy, the average price of gasoline in 2008 was $3.25 per gallon and 69 percent of that price ($2.24) stemmed from the cost of crude oil. Federal and state taxes ac... Read More »

Crude Oil Prices Vs. Gasoline Pump Price?

America is the biggest importer of crude oil, with U.S. consumers using more than 19 million barrels of petroleum products daily as of 2008, according to the Department of Energy. Crude oil and gas... Read More »

When does the crude oil daily price gain reset?

Crude oil futures trade Sunday through Friday. The contract will close for the day at 4:15 pm Central time. When the contract reopens at 5:00 pm Central time, the daily price gain will reset back... Read More »