How many gallons of jet fuel are there per barrel of crude?

Answer According to the U.S. Energy Information Administration, each 42-gallon barrel of crude oil yields 44 gallons of petroleum products. Of those 44 gallons, a little more than four gallons is jet fuel... Read More »

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Does the propane price follow the crude oil price?

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 »

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 »

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 »

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 »