How much is a gallon of petroleum worth?
How much is a gallon of petroleum worth? Recently, that price has ranged between $50 and $70 per barrel, depending on the type of crude oil purchased. With crude oil at these prices, a standard 42 gallon barrel translates to $1.19 to $1.67 per gallon at the pump. Excise taxes add another 49 cents a gallon on average nationwide. How much does petroleum sell for? Petroleum products The average retail price rose 13.2 cents to $2.625 per gallon, while the average wholesale price increased 12.6 cents to $2.181 per gallon. How much is US petrol per gallon? USA Gasoline prices,...