I looked up what they call a barrel and it is a 42 gal barrel. Prices on gas have risen to $3.00 or higher depending where you are in the nation and will go higher now that oil is etching back up to levels where we were paying$4.00 a gal.
Meanwhile Obama has refused to allow drilling and even has taken steps to put more land off bounds for exploration. Alternative energy sources are slow and inefficient and have to be supplemented with oil.
I was reading an article earlier about a wind mill that could only get half of their energy sold to a company and the other half there were no takers. The one power company in the area said that they could buy energy cheaper than what this windmill wanted to provide.