oil is cheaper than a soft drink. I could hardly believe this the first time I heard it, but it’s true. Here’s the math: A barrel of oil contains 42 gallons; the average price in the second half of 2020 was around $42 per barrel, so that comes to about $1 per gallon. Meanwhile, Costco sells 8 liters of soda for $6, a price that amounts to $2.85 a gallon.