does anyone have the answer to gas prices
Last edited by stevema10631; Jun 12, 2008 at 09:48 PM. Reason: typo
f you didn't know, which I'm sure you do, we have a Oil Reserve to prevent a crisis like the Oil Embargo that happened eons ago. Was tapped into it during Gulf War and Katrina, but only slightly (2-5% of total reserve). Also, 1 million barrels of oil produces 32 million gallons of gas and diesel. Refiners acquire oil @ $2.40~/gal. They sell to wholesaler's @ $2.80~/gal, then they sell to retailers @ $3.65~/gal and we buy it @ $3.80~/gal. (As of May/08, prices are approximate). At the beginning of May a barrel cost $108.98, but Refiners only paid $100.80 according to the price/gal they buy it at. So that all equates to us paying way too damn much extra than we ever should.
Now, back to the reserve part : We currently have 704 million barrels of oil in the reserve, and haven't had a withdraw since Katrina. We consumer roughly 9.45 million barrels (396.4mil gal) of Gas/day. We can make 48.43gallons of product from the 42gallon barrel of crude oil, of which 51.4% of that is gas. So 25 gallons of gas and 7 gallons of diesel (among another grip load of usable products) per barrel of oil, hence that 35 above. So if they just borrowed 100 million barrels of oil, we'd get 3.5billion gallons of gas.
too many people want to save all the pretty flowers and animals so that makes gas expensive as ****...
Trending Topics
$4.28 for 93... Ive settled down and started going out only ONE night on the weekend...lol...
Im down for not buying for a day!
The Best V8 Stories One Small Block at Time
$4.28 for 93... Ive settled down and started going out only ONE night on the weekend...lol...
Im down for not buying for a day!
$4.28 for 93... Ive settled down and started going out only ONE night on the weekend...lol...
Im down for not buying for a day!
$4.28 for 93... Ive settled down and started going out only ONE night on the weekend...lol...
Im down for not buying for a day!
there you can sign a petition...getting enough signatures to send to congress...
did you know that the govenor of Alaska wants to drill!!!damn liberals..(were hurting the animal) what ever b****




