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This includes the resources it takes for exploration, to remove it from the ground, and transport it. Between 2004 and 2008, there was an increase in fuel costs due in large part to a worldwide increase in demand for crude oil. Prices leapt from $35 to $140 per barrel ($220 to $880/m 3), causing a corresponding increase in gas prices. [15]
Fuel consumption is the reciprocal of fuel economy, and measures the fuel used to drive a fixed distance (units of gal/100 miles or kWh/100 miles). [36] The unit of Gal/100 miles is accurately described as fuel consumption in some EPA brochures, but this unit appears in the fuel economy section of the Monroney label (which does not use the term ...
The energy content of ethanol is 76,100 BTU/US gal (5.89 kilowatt-hours per litre), compared to 114,100 BTU/US gal (8.83 kWh/L) for gasoline. (see chart above) A flex-fuel vehicle will experience about 76% of the fuel mileage MPG when using E85 (85% ethanol) products as compared to 100% gasoline. Simple calculations of the BTU values of the ...
The 100% Iranian state-owned oil companies National Iranian Oil Company and Iranian Offshore Oil Company, and Singapore Petroleum Company with Vetro Energy and PetroSeraya of Singapore have declared interests to provide assistance in construction of offshore platforms and drilling rigs for Ghana's state-owned oil company, Ghana National ...
This represented crude oil on behalf of the Ghana Group, comprising the Government of Ghana (GoG) and GNPC. It represented the first lifting of crude oil from the Jubilee fields. The barrels lifted comprised accumulated government royalties of 37,557 metric tonnes and accumulated GNPC's 13.75 per cent participating interest entitlement of ...
The price of filling up a typical family car is now more than £100. Here's how you can save on petrol prices
The commission was established in 2011 by an Act of Parliament (Act 821) in consequence of hydrocarbons discovered in commercial quantities. The purpose of the act was for the regulation and management of the utilization of petroleum resources and also to coordinate the policies in the upstream petroleum sector.
Data firm Experian Catalist said a litre of petrol cost an average of 180.7p on Tuesday.