Oil to Gas Price Calculator

Calculate Gas Price from Oil Price

Formula

To calculate the gas price from oil price:

\[GP = \frac{OP}{33.69}\]

Where:

What is Gas Price from Oil Price?

The gas price from oil price is a calculated estimate of the cost per gallon of gasoline based on the current price per barrel of crude oil. This calculation helps to understand how fluctuations in crude oil prices can impact gasoline prices.

Example Calculation 1

Let's assume the following value:

Using the formula:

\[GP = \frac{100}{33.69} \approx 2.97 \, \text{dollars per gallon}\]

The Gas Price from Oil Price is approximately $2.97 per gallon.

Example Calculation 2

Let's assume the following value:

Using the formula:

\[GP = \frac{50}{33.69} \approx 1.48 \, \text{dollars per gallon}\]

The Gas Price from Oil Price is approximately $1.48 per gallon.