• OP is the crude oil price ($/barrel) To calculate gas price from oil price, divide the oil price in dollars per barrel by 33.69. ## How to Calculate Gas Price From Oil Price? The following example problems outline how to calculate Gas Price From Oil Price. Example Problem #1: 1. First, determine the crude oil price ($/barrel).
1. The crude oil price ($/barrel) is given as: 115. 2. Finally, calculate the Gas Price From Oil Price using the equation above: GP = OP / 33.69 The values given above are inserted into the equation below: GP = 115 / 33.69 = 3.41 ($/gallon)

Example Problem #2:

For this problem, the variables needed are provided below:

crude oil price (\$/barrel) = 100

This example problem is a test of your knowledge on the subject. Use the calculator above to check your answer.

GP = OP / 33.69 = ?