On Mon, 29 Oct 2012 17:22:04 -0400, JustWait
wrote:

How else do you account for $100 per barrel oil with gas prices at $1.80
per gallon and $100 per barrel oil with gas prices at $4.00 per gallon?



You are never gonna' get him to accept that even though it's the most
basic math ever...

=========

"Actually, a barrel of oil is 42 gallons. When the barrel is
processed, you may get something like 15 gallons of gasoline, 9 gal.
of fuel oil, 10 gal. of jet fuel (Kerosene) and 4 gal of other "heavy"
products such as lubricants, grease, asphalt / bitumene and plastics
and 4 gallons of lighter condensates/naphtha."

http://wiki.answers.com/Q/How_much_gasoline_can_be_made_from_one_barrel_of_c rude_oil

So the price of gas depends on a lot of things, not the least of which
is supply and demand for not only gasoline, but also the other
refining products. Transportation and taxes also enter into the
retail pump price in a fairly major way. You see this in the
considerable price differential between gas prices in New York and New
Jersey. Areas with tight refining capacity like California also pay
higher prices.