Showing posts with label Gas. Show all posts
Showing posts with label Gas. Show all posts

Jun 10, 2016

Gas Prices

According to Bloomberg, WTI oil is at $49.61 per barrel, and Brent is at $49.60 per barrel. On Memorial Day 2015, Brent was at $65.37 per barrel, and two years ago Brent was at $110.01.

Aug 16, 2013

Gas Facts

Gas is one derivative of crude oil. Heat from one gallon of gas is enough to power a 1,500-watt space heater on full blast for 24-hours. If it were possible for humans to digest gasoline, a gallon would contain about 31,000 food calories. That is about equivalent to the energy in about 110 McDonald's hamburgers.

Dec 24, 2010

Gas Prices

When the price of crude oil goes up a dollar, the price we pay per gallon goes up about 2.5 cents a gallon. When you read about oil going up to a hundred dollars a barrel in the next few weeks, you can expect to pay about 25 cents more at the pump.