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One barrel of crude
oil makes about 19.5 gallons of gasoline, 9 gallons of
fuel oil, 4 gallons of jet fuel, and 11 gallons of
other products, including lubricants, kerosene,
asphalt, and petrochemical feedstocks to make
plastics. The ultimate cost of a gallon of gas at the
service station depends mostly on the price of crude
oil, and most of the profit after expenses goes to the
owner-producers of the oil, whether they are
governments or oil producing companies. Almost
everywhere in the world outside the US, people pay
much more for gasoline, largely because of much larger
government taxes, which amount to around $3 to $4 per
gallon in many European countries. In the categories
"Production cost" and "Producer profit" the values
show a range from Saudi Arabian production to USA
production. Naturally, all the other values may vary
some as well; these are general estimates. |
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