Trade · 6 pages · 12 min
Why a barrel of oil is not a barrel of gasoline
One barrel of crude becomes a slate of fuels and other products, not a barrel of gasoline alone.
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From the opening
A petroleum barrel is a fixed measure of crude, forty-two United States gallons, and that volume is a mixture. Run through a refinery it becomes a slate of products, including gasoline, jet fuel, diesel, heavier fuel, and other streams, not a barrel filled with gasoline only. The opening covers a barrel is forty-two gallons of crude, the output is a slate, and gasoline is one finished cut.
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Inside
- A barrel is forty-two gallons of crude
- The output is a slate
- Gasoline is one finished cut
- Co-products still have to go somewhere
- Where the idea stops applying
- A distinction worth keeping
Sources
- Crude oil assay and yields
- Petroleum barrel of forty-two gallons