Enter the crude oil price ($/barrel) into the Gas Price From Oil Price Calculator. The calculator will evaluate and display the Gas Price.

Gas Price From Oil Price Formula

The following formula is used to calculate the Gas Price From Oil Price. 

GP = OP / 33.69
  • Where GP is the Gas Price From Oil Price ($/gallon)
  • OP is the crude oil price ($/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 = ?