If a barrel of oil is $100 and the price of gas is $3.00 in chicago, how much will a barrel cost when a gallon

of gas in chicago costs .00.

i want to invest in oil and utility mutual funds and am wondering if investing in funds which the price of a barrel (roughly0) is worth it. Is it proportional? if gas goes from to per gallon does that mean a barrel of oil has to go up 33% to accomplish that?
if so, then its definitely worth investing in (especially since Jugo chaves is ordening troops to go to bolivia.

2 Responses to “If a barrel of oil is $100 and the price of gas is $3.00 in chicago, how much will a barrel cost when a gallon”

  1. Tim B Says:

    A barrel of market oil is 42 US gallons.

    Just multiply 4×42= $168 per barrel. Not including or considering taxes refining et cetra.

    Invest in gold and oil because the dollar has a lot farther to fall.

    Does this help any?

  2. Lawrence E Says:

    The relationship is inverse. The price of Gas in America reacts to the available supply manufactured by the Refiners. They are the weakest link. In order to have Gas dictating Oil price you’d have to operate a much more efficient refining system in the United States. As it is, they can barely keep up with the market as it is awash with Crude. Health hazards caused by ignoring pollution controls, government land use policy keeping Refiners from buying private lands, and overall apparatus conditions all combine to prevent massive U.S. Gas production. Imagine stuffing ten pounds of meat into a five pound sausage casing and you have the scenario.

    Both Crude and Gas stockpiles are reported on the Bloomberg financial calendar weekly.