Crude Oil Price in US Dollar
| WTI Crude Oil | Price in USD |
| 1 Liter Crude Oil : | 0.45 USD |
| 1 Barrel Crude Oil: | 72.01 USD |
| 1 Barrel Today Low: | 69.73 USD |
| 1 Barrel Today High: | 72.63 USD |
Please note that the prices mentioned above are calculated based on the current exchange rates and WTI crude oil prices (mentioned below). These figures are used to derive the prices listed above and are subject to change based on market fluctuations. Here is the breakdown for your reference:
| 1 Barrel Crude Oil = | $72 USD |
| 1 Barrel Volume = | 159 Liters |
| Electricity | Price in USD |
| Electricity Residential | 0.184 USD |
| Electricity Commercial: | 0.145 USD |
What is the Fuel Prices in USD?
Welcome to the Petroleum (Gasoline oil, Diesel, Petrol, Crude Oil, LPG, Electricity) prices in USD per Litre, Barrel, and Gallon.. We provide the prices of both commercial and residential tariff of all types of energy in us dollar. This page is about the different units of Gasoline (aka Petrol), Diesel, LPG, Gass, Kerosene, Heating Oil, Electricity, Crude oil, etc. The above informations are provide subject to our policies, disclaimer, terms and conditions.
Note: The crude oil is based on spot market
The crude oil was last updated on 06-Nov-2024 23:46:02 (GMT Time), other fuel, etc. information is listed in the following table .
About Crude Oil
Crude oil is a naturally occurring, unrefined petroleum product that is composed of a mixture of hydrocarbons, including alkanes, cycloalkanes, and aromatic hydrocarbons. It is a fossil fuel that is extracted from the ground through the process of drilling, and it is used as a raw material for the production of a wide range of products, including gasoline, diesel, jet fuel, and other transportation fuels, as well as a variety of petrochemical products such as plastics and synthetic materials.
Crude oil is a highly valuable resource, and it is traded globally on various commodity exchanges. The price of crude oil is affected by a variety of factors, including supply and demand, geopolitical events, and economic conditions. The price of crude oil can also be influenced by market speculation and other factors that affect the global oil market.
Difference between Gasoline and Petrol
Gasoline and petrol are two terms that are often used to refer to the same type of fuel. Both gasoline and petrol are hydrocarbon-based fuels that are used as a transportation fuel for internal combustion engines. They are made from crude oil, which is refined and processed to create a range of fuels with different properties.
The main difference between gasoline and petrol is the way they are used and the regions in which they are commonly used. In the United States, gasoline is the most commonly used term to refer to automotive fuel, while in many other parts of the world, including Europe and Asia, petrol is the more commonly used term.
Both gasoline and petrol are composed of a mixture of hydrocarbons and other chemicals, and they are available in different grades and octane ratings to suit different types of engines.
Production of gasoline from crude oil
The process of producing gasoline from crude oil is a complex process that involves several steps. The basic steps in the production of gasoline from crude oil are as follows:
Refining: Crude oil is first refined to separate it into different fractions or components based on their boiling points. This is done through a process called distillation, which involves heating the crude oil to a high temperature and allowing the different fractions to vaporize and separate.
Treating: After the crude oil has been distilled, it is treated with various chemicals and processes to remove impurities and improve the quality of the gasoline. This may include processes such as hydrotreating, which removes impurities such as sulfur and nitrogen, and catalytic reforming, which increases the octane rating of the gasoline.
Blending: After the gasoline has been treated and refined, it is typically blended with other hydrocarbons and additives to create a final product that meets specific specifications for use as a transportation fuel. This may include the addition of chemicals such as detergents to help clean the engine and reduce emissions, or the addition of oxygenates such as ethanol to increase the octane rating and improve the fuel's performance.
It is worth noting that the specific steps and processes involved in the production of gasoline from crude oil can vary depending on the specific refinery and the type of crude oil being used.
Composition of a barrel of crude oil
The composition of a barrel of crude oil can vary depending on the specific type of crude oil and the refining process used to produce various products from it. However, in general, a barrel of crude oil can be refined to produce a variety of products, including gasoline, diesel, heating oil, and other products.
On average, a barrel of crude oil can produce the following quantities of various products:
Gasoline: Approximately 44% of a barrel of crude oil is used to produce gasoline.
Diesel: Approximately 20% of a barrel of crude oil is used to produce diesel fuel.
Heating oil: Approximately 11% of a barrel of crude oil is used to produce heating oil.
Other products: The remaining 25% of a barrel of crude oil is used to produce a variety of other products, including petrochemical feedstocks, asphalt, and other products.
It is worth noting that the specific quantities of products that can be produced from a barrel of crude oil can vary significantly depending on the specific type of crude oil, the refining process used, and the specific market conditions.
Difference between Gallon and Liter
A gallon is a unit of volume used to measure liquids in the United States, while a liter is a unit of volume used to measure liquids in the metric system. The two units are not directly equivalent, and the conversion between them depends on the specific type of liquid being measured.
Here are some rough conversion factors between gallons and liters:
1 gallon (gal) is approximately equal to 3.78 liters (L).
1 liter (L) is approximately equal to 0.26 gallons (gal).
It is worth noting that these conversion factors are rough estimates and are not precise. The exact conversion between gallons and liters can vary slightly depending on the specific type of liquid being measured and the temperature and pressure at which it is being measured.