Gas price check
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Will your light crude oil run generators, or oil heating systems? Or does it have to be mixed with heavy crude first.
No it has to be refined first - although the light crude produced in some Western Siberian fields could run a diesel engine once the parafins are removed.
Light crudes produced in North America are used primarily for aviation fuel, motor oils and petrochemical production.
For AC,What do we know as to the reason why certain types of oil are found in the ground in different geographies? Is it simply a matter of what kind of dinosaurs died in these locations? I’m sure there’s more to it but what do you know?
Will your light crude oil run generators, or oil heating systems? Or does it have to be mixed with heavy crude first.
No it has to be refined first - although the light crude produced in some Western Siberian fields could run a diesel engine once the parafins are removed.
Light crudes produced in North America are used primarily for aviation fuel, motor oils and petrochemical production.
For AC,What do we know as to the reason why certain types of oil are found in the ground in different geographies? Is it simply a matter of what kind of dinosaurs died in these locations? I’m sure there’s more to it but what do you know?
I was a rig hand, Jim, not a petroleum geologist
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Local station had regular for 4.799 and my fucking high octane for 5.899 at yesterday’s $72 fillup.
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Prices back up, but some historical perspective might be appropriate:
Q: Considering the price of gasoline today, how does it compare to that price in 1960, inflation adjusted?
A: In 1960, the average U.S. retail price of gasoline was about $0.29–$0.31 per gallon.
Today (late April 2026), the national average for regular unleaded gasoline is roughly $4.00–$4.23 per gallon, with recent reports around $3.95–$4.23 depending on the exact date and source (e.g., AAA averages)....
Today's price ($4.00+) is higher than the inflation-adjusted 1960 price by roughly $0.50–$0.75 per gallon (about 15–20% more in real terms).
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Q: Okay, considering the improvement in fuel economy in automobiles, what is the relative, inflation-adjusted cost of driving 100 miles?
A: Driving 100 miles costs ~25–30% less in real (inflation-adjusted) terms today than in 1960, primarily due to ~50–80% better average fuel economy (depending on exact 1960 baseline). Even at today's higher real gas prices, efficiency improvements dominate.
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