Share This Article

Facebook LinkedIn
Twitter Reddit
Print Email
Pinterest Gmail
Yahoo
Money Morning
×
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
  • Retire
    • Income Investing Guide
    • Retirement Articles
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
Login My Member Benefits Archives Research Your Team About Us FAQ
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
    ×
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
    ×
  • Retire
    • Income Investing Guide
    • Retirement Articles
    ×
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
    ×
  • Subscribe
Enter stock ticker or keyword
×
5 Ways to Beat the Fed (and Crush Inflation)
Twitter
Tags: oil

A Barrel of WTI Crude Oil Now Costs Less Than the Actual Barrel

By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 • January 21, 2016

Start the conversation

Comment on This Story Click here to cancel reply.

Or to contact Money Morning Customer Service, click here.

Your email address will not be published. Required fields are marked *

Some HTML is OK

West Texas Intermediate (WTI) crude oil prices sank below $28.20 a barrel this morning - making the oil in the barrel more than three times cheaper than the actual barrel holding it.

According to packing materials distributor Uline, a 55-gallon steel drum barrel commonly used for transporting oil costs $99 before tax. That's three times more expensive than the price of WTI futures for March delivery today (Thursday).

That's just one of the many surprising items more expensive than a barrel of WTI crude oil right now.

Here are five common items selling at a premium to a barrel of oil right now...

5 Things More Expensive Than a Barrel of WTI Crude Oil

Sign up for SMS so you never miss special events, exclusive offers, and weekly bonus trades.

wti crude oilA barrel of WTI crude oil is cheaper than... seven cups of Starbucks coffee. One venti-sized Caffe Latte from Starbucks Corp. (Nasdaq: SBUX) costs $4.15 before tax. You can buy 6.8 cups of these 20-ounce coffees for a total of $29.05 - roughly 3% more than the current WTI crude oil price right now.

A barrel of WTI crude oil is cheaper than... two large Meat Lover's pizzas from Pizza Hut. The largest pizza chain in the world currently offers large Meat Lover's pan pizzas for $15.50 each before tax. Two of these specialty pies cost 10% more than a barrel of oil in the United States today.

A barrel of WTI crude oil is cheaper than... a quarter-keg of beer. The average price to fill up a quarter-barrel (roughly 7.75 gallons) keg with Budweiser beer comes out to $67.50. That's more than twice the cost of 55 gallons of West Texas Intermediate crude. Drink up.

A barrel of WTI crude oil is cheaper than... one hooded sweatshirt from The North Face. The popular outdoor apparel company owned by VF Corp. (NYSE: VFC) sells men's hooded sweatshirts for an average price of $55 - a 95% premium to the cost of WTI crude oil today.

A barrel of WTI crude oil is cheaper than... an electric razor. The listing price of one Philips NV (NYSE ADR: PHG) electric shaver is $39.99. That's 41.8% more expensive than the cost of a barrel of WTI crude oil today.

Alex McGuire is an associate editor for Money Morning who writes about energy. Follow him on Twitter for all of the biggest oil and gas updates.

Like us on Facebook: Money Morning

Did Saudi Arabia Just Shoot Itself in the Foot?Ā Low oil prices mean less revenue for OPEC's wealthiest nation - and even though Saudi Arabia has hundreds of billions in the bank,Ā two new developments will chip away at those savings faster than ever...

Join the conversation. Click here to jump to comments…

Login
guest
guest
0 Comments
Inline Feedbacks
View all comments


Latest News

June 3, 2023 • By Garrett Baldwin

Postcards - Do This Whenever You See Buffett Buy OXY

June 2, 2023 • By Nick Black

Market Roundup: Digital Assets to Watch for the Weekend of June 2

June 2, 2023 • By Shah Gilani

earnings
How to Profit on a "Bankruptcy Wave" Hitting Markets Hard
Trending Stories
ABOUT MONEY MORNING

Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

QUICK LINKS
About Us COVID-19 Announcements How Money Morning Works FAQs Contact Us Search Article Archive Forgot Username/Password Archives Profit Academy Research Your Team Videos Text Messaging Terms of Use
FREE NEWSLETTERS
Total Wealth Research Power Profit Trades Profit Takeover Penny Hawk Trading Today Midday Momentum Pump Up the Close
PREMIUM SERVICES
Money Map Press Home Money Map Report Fast Fortune Club Weekly Cash Clock Night Trader Microcurrency Trader Hyperdrive Portfolio Rocket Wealth Initiative Extreme Profit Hunters Profit Revolution Quantum Data Profits Live Trading Alliance Trade The Close Inside Money Trader Expiration Trader Flashpoint Trader Darknet Hyper Momentum Trader Alpha Accelerators Weekly Profit Cycles Brutus Alerts Resource Traders Alliance

Ā© 2023 Money Morning All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning.

Address: 1125 N Charles St. | Baltimore, MD, 21201 | USA | Phone: 888.384.8339 | Disclaimer | Sitemap | Privacy Policy | Whitelist Us | Do Not Sell or Share My Personal Information

wpDiscuz