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 »

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

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 »

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 »

What was the price of a barrel of oil on 12-11-08?

The price for a barrel of oil on Dec. 11, 2008 ranged from $42 a barrel to $48.36 a barrel. The biggest reasons for the higher-than-normal price were a weakened dollar and the possibility that the ... Read More »