The world consumes about 94 million barrels of oil each day, but only 46% is used to power our vehicles. So how does the world consume the remaining 50 million barrels of oil on a daily basis?
Most non-oil folks only think about using oil to fuel their cars with gasoline, but there are many other everyday uses of oil that would never even cross one’s mind. Without oil, we would not have plastics, pharmaceuticals, asphalt, fertilizers, food preservatives, greases, waxes, aluminum, and steel. Odds are, you use each of these products on a daily basis, in some way, shape, or form.
While one barrel of oil consists of 42 gallons, a single barrel yields about 45 gallons of petroleum products due to the processing gain. Take a look at the infographic below to see what is actually in a 42 gallon barrel of oil!