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The gas prices as we know today keep rising due to many variables. It seems every year we all wonder why these prices go up for a while and then hit the lowest price per barrel that we have seen in a long time. I have been driving for about 25 years and remember when you could go and get gas for your car or truck for no more than $1.00 per gallon. Today we see the price per gallon change like the weather. During the winter months the barrels are cheaper and the summer they rise, which it return cost more at the pump.
The United States consumes about 20 million barrels of oil products per day (bbl/d), according to the Department of Energy [source: DOE]. Of that, almost half is used for motor gasoline. The rest is used for distillate fuel oil, jet fuel, residual fuel and other oils. Each barrel of oil contains 42 gallons (159 L), which yields 19 to 20 gallons (75 L) of gasoline. So, in the United States, something like 178 million gallons of gasoline is consumed every day. (Bonsor, 2009). With these figures and the issues we face today, it is prevalent to say that prices will go up …