Math impairment alert!
A barrel is 42 gallons.
“Math impairment alert!”
Oil is now at about $100 a barrel and gasoline is about $3.50 a gallon. Lower the price to $30 a barrel and the price of gasoline drops to about .30 of what it is now. .30 X $3.50 = $1.05 per gallon.
So, show me your math.
I was looking at that, too. Only 15,000 gallons per acre annually isn’t much, just a little over 356 barrels per acre.
That will use up a lot of territory to produce scant gasoline.
“A barrel is 42 gallons.”
This is true. However, the “drums” of chemicals I get at the water company are still 55 gallons.
I should have said $30 a barrel oil is equivalent to a bit over $1 a gallon gasoline. There is quite a bit of processing, transportation and distribution to get the gasoline out of the oil and into your tank. Still, I think the thought was clear because the article referenced $30 a barrel oil.
General knowledge impairment alert!
a barrel of oil IS NOT a barrel of gasoline.