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:

- First, determine the crude oil price ($/barrel).
- The crude oil price ($/barrel) is given as: 115.

- 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** = ?**