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A barrel of light crude is around $56. One barrel of oil is 42 US gallons. The cost of gasoline is around $2.50/gallon. The cost
A barrel of light crude is around $56. One barrel of oil is 42 US gallons.
The cost of gasoline is around $2.50/gallon.
The cost of kerosene is around $3.00/gallon.
The cost of lubricating oil is around $8.00/gallon.
determine the value of a barrel of oil based on the percentage found in your experiment. in other words, determine the worth of the refined componenets based on their price and volume, and then total .
Give the total cost for the full barrel. Do not include units.
(percentage of gasoline 27%)
(percentage of kerosene 32%)
(percentage of lubricating oil 41%)
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