Torrance bankruptcy attorney, bankruptcy attorney near me, bankruptcy lawyer near me
310-328-1001 Call now! Or, Click "Contact",--> to email me. ------------------> Stop Harassing Calls! Save your House! Get Rid of Credit Cards! Law Office of Dennis McGoldrick, Torrance Bankruptcy Attorney, Serving Los Angeles, Ventura, & Orange Counties.
We are always hearing about the price of a barrel of Oil How much oil is in a barrel? According to the google, "The 42-gallon oil barrel was officially adopted in 1866. Today, a barrel's refined products include about 20 gallons of gasoline, 12 gallons of diesel and 4 gallons of jet fuel and other products like liquefied petroleum gases and asphalt."
Price of Gasoline?
Since a barrel of oil produces 20 gallons of gas, that means each dollar a barrel of oil costs affects gasoline prices by nearly 1/20 of the oil price rise.
Gas Stations buying gasoline
Gas stations often buy 20,000 gallons of gas at a time. When the price of oil goes up $20 a barrel, that means each gallon of gas will cost almost $1.00 more. J Just to replace inventory, gas stations have raise prices early, so they can afford the extra $20,000.00 the next load of gas will cost.
What causes Oil prices to Rise?
Lots of things, tensions in the Middle East, Tankers being taken offline by pirates, OPEC just agreeing to a rise in prices, refineries being taken offline for maintenance, and bad things like flying drones into a refinery.
When something bad happens, buy gas immediately to beat the price increase!!
This Law Firm is a Debt Relief Agency (or so the Bankruptcy Code says) We file Bankruptcy Petitions under the United States Bankruptcy Code. check out Dennis McGoldrick's listings and reviews: