A "barrel" of oil contains 42 gallons of crude oil and will yield between 19 and 20 gallons of gasoline. (www.howstuffworks.com)As you can see from the illustration to the right, crude oil is used to produce several other products in addition to gasoline. (www.factsonfuel.org)
From a 42 gallon barrel of oil, a bit more than 44 gallons of petroleum products are produced. This results from a reduction in density during the refining process. (www.eia.doe.gov)
According to the American Petroleum Institute, the average price per gallon for all grades of gasoline for the week ending 26 June 2006, was $2.917. Oil prices reached above $72 a barrel Wednesday, 28 June. (MSNBC)
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