---
title: "Oil Now Cheaper Than the Barrel It Comes Inside"
description: "Yes, seriously."
date: "2016-01-22"
modified: "2016-01-22"
authors:
  - name: "Autoblog"
    link: "https://www.thedrive.com/authors/autoblog"
url: "https://www.thedrive.com/news/1819/oil-now-cheaper-than-the-barrel-it-comes-inside"
categories:
  - "News"
---

# Oil Now Cheaper Than the Barrel It Comes Inside

![](<https://www.thedrive.com/wp-content/uploads/images-by-url-td/content/archive-images/012216_oilcosts_autoblog_hero.jpg>)
*\<em\>www.thedrive.com</em>*

Gas prices [should remain low](<https://www.autoblog.com/2016/01/02/gas-prices-2016-report/>) for a while thanks to the [glut of oil](<https://www.autoblog.com/2015/12/22/gas-prices-below-2-dollars-aaa/>) on the world market. As [this video](<https://www.independent.co.uk/news/business/news/all-the-things-that-cost-more-than-a-barrel-of-oil-including-a-barrel-a6818786.html>) from [*The Independent*](<https://www.independent.co.uk/news/business/news/all-the-things-that-cost-more-than-a-barrel-of-oil-including-a-barrel-a6818786.html>) shows, the falling values now mean that a barrel of crude is less expensive than some surprising items – including a drum to transport it in.

As of this writing, West Texas Intermediate and Brent crude, which are two oil commodity benchmarks, both trade for around $30 a barrel. According to the video, the drums can cost $99 each online, which means they are over three times more expensive than the oil. *The Independent* also compares the price of the cheap crude with large pizzas and Perrier water.

We found a few of our own interesting comparisons for gasoline. The latest [AAA' Daily Fuel Gauge Report](<https://fuelgaugereport.aaa.com/gas-prices-dropping-at-the-fastest-pace-in-two-months/>) indicates that $1.88 is the current US average for a gallon of gas. Using the most recently available national figures from [the Bureau of Labor Statistics](<https://data.bls.gov/cgi-bin/surveymost?ap>), pumping a gallon of fuel into your car is significantly cheaper than a gallon of milk at $3.30, a dozen eggs at $2.66, or even a pound of coffee at $4.41. Enjoy the inexpensive trips to the [gas station](<https://www.autoblog.com/cheap-gas-prices/>) while they last.

*This article originally appeared on* [Autoblog](<https://www.autoblog.com/2016/01/22/crude-oil-prices-report-video/>)*.*

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