Random Note On Refined Products From Crude Oil -- August 28, 2015

I don't know if I interpreted this note correctly from a reader, but it appears he sent me an update of what refiners are getting from a barrel of oil, or what consumers are paying for barrel of oil after it's been refined. The figures come from the EIA.

From one barrel of crude oil, as an example:

• 30%: 12.3 gallons of gasoline = $35.67
• 19%: 8 gallons of jet fuel = $14
• 23%: 9 gallons of diesel = $27
• 22%: 8.5 gallons of fuel  oil = $21.25

Total, 94% = $97.92 of refined product per bbl of crude oil.

The other 6% is "petroleum coke" and "fuel gases."

Gasbuddy also provides a breakdown of refined products.  I assume the percent of refined products varies significantly based on many, many factors.

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Seeing Stars

I see Buzz Aldrin, age 85, is working on a master plan to colonize Mars by 2040. I assume Elon Musk will be joining the staff at the new Buzz Aldrin Space Institute, Florida Institute of Technology, as soon as he figures out how he can get the federal government to fund the entire institute.

Buzz says they will get to Mars using "cycling pathways." Bike paths to Mars.