Gordon: Gasoline and diesel make up 40% to 50% of crude oil barrel
Deborah Gordon · Our oil addiction is worse than ever · Nov 12, 2021 · at 7:47
Deborah Gordon of RMI breaks down the economic tiers and refined product yields of a standard barrel of crude oil.
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“There are the large volume products like gasoline and diesel, and jet fuel's in the middle, but gasoline and diesel. They constitute about 40%, 50% of the barrel. They don't trade at hugely high prices, but they trade in very massive volumes.”
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