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Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil ...
Multigrade synthetic oil—in SAE 5W-40 and 15w-40 viscosity ranges [3] Single grade conventional oil—in SAE 20, 30, 40 and 50; Synthetic blend oil; Shell is marketing their new CJ-4/SM oil as "Triple Protection," meaning it provides enhanced qualities for engine wear, soot control and engine cleanliness.
The largest component of the average price of $2.80/gallon of regular grade gasoline in the United States from 2012 through 2021, representing 54.8% of the price of gas, was the price of crude oil. The second largest component during the same period was taxes—federal and state taxes representing 17% of the price of gas.
Diesel fuel has many colloquial names; most commonly, it is simply referred to as diesel.In the United Kingdom, diesel fuel for road use is commonly called diesel or sometimes white diesel if required to differentiate it from a reduced-tax agricultural-only product containing an identifying coloured dye known as red diesel.
Today, motor oil in the US is generally sold in bottles of one U.S. quart (950 mL) and on a rarity in one-liter (33.8 U.S. fl oz) as well as in larger plastic containers ranging from approximately 4.4 to 5 liters (4.6 to 5.3 U.S. qt) due to most small to mid-size engines requiring around 3.6 to 5.2 liters (3.8 to 5.5 U.S. qt) of engine oil.
The grades with a W designation are considered Winter-grades, and denote an engine oil's low-temperature properties, while non-winter grades denote an engine oil's properties at the operating temperature of an engine. [5] The SAE 8 through SAE 16 viscosity grades describe oils that can improve fuel economy through reduced hydrodynamic friction ...
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