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Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil ...
The gallon is a unit of volume in British imperial units and United States customary units.. The imperial gallon (imp gal) is defined as 4.546 09 litres, and is or was used in the United Kingdom and its former colonies, including Ireland, Canada, Australia, New Zealand, India, South Africa, Malaysia and some Caribbean countries, while the US gallon (US gal) is defined as 231 cubic inches (3. ...
The largest component of the average price of $2.80/gallon of regular grade gasoline in the United States from 2012 through 2021, representing 54.8% of the price of gas, was the price of crude oil. The second largest component during the same period was taxes—federal and state taxes representing 17% of the price of gas.
The US fluid ounce is based on the US gallon, which in turn is based on the wine gallon of 231 cubic inches that was used in the United Kingdom prior to 1824. With the adoption of the international inch , the US fluid ounce became 1 ⁄ 128 gal × 231 in 3 /gal × (2.54 cm/in) 3 = 29.573 529 5625 mL exactly, or about 4.08% larger than the ...
Both the 42-US-gallon (159 L) barrels (based on the old English wine measure), the tierce (159 litres) and the 40-US-gallon (150 L) whiskey barrels were used. Also, 45-US-gallon (170 L) barrels were in common use. The 40 gallon whiskey barrel was the most common size used by early oil producers, since they were readily available at the time.
Paying over $8 per gallon for gas may seem horrible, but last summer, Norwegians faced costs of over $10 per gallon. Despite the recent price drop, in Norway gas still costs more than twice U.S ...
Metric regions commonly use the tonne of oil equivalent (toe), or more often million toe (Mtoe). Since this is a measurement of mass, any conversion to barrels of oil equivalent depends on the density of the oil in question, as well as the energy content. Typically 1 tonne of oil has a volume of 1.08 to 1.19 cubic metres (6.8 to 7.5 bbl).
With brand-name water bottle fads and gallon-a-day water challenges trending on TikTok, hydration is in, and that’s good news for health.The average human body is more than 60% water. Water ...