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Van Wert High School Local Information
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What a Gas!
In May 2008 gas prices have been shattering records
left and right and have finally reached an ultimate high
in most places. The price of gas had been rising, and
breaking records, for months. Other countries -- and even
other states and cities -- can have very different gas
prices from your local gas stop. To the average person,
it probably seems as though there's little rhyme or
reason to how gas prices are determined. The United
States consumes about
20 million barrels of oil products per day. Of
that, almost half is used for motor gasoline. The rest
is used for distillate fuel oil, jet fuel, residual fuel
and other oils. Each barrel of oil contains 42 gallons
(159 L), which yields 19 to 20 gallons (75 L) of
gasoline. So, in the United States, something like
178 million gallons of gasoline is
consumed every day. As Americans continue to
consume more and more gas, the prices are not looking to
fall anytime in the future.
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Last Updated:
May 15, 2007 |
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