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According to the University of Georgia: http://209.85.165.104/search?q=cache:ZQsbcFUDaUMJ:www.caed.uga.edu/publications/2007/pdf/CR-07-04.pdf+peanut+oil+pounds+of+peanuts&hl=en&ct=clnk&cd=9&gl=us&client=firefox-a it takes approximately 23.42 lbs of peanuts to make one gallon of oil. In the article, the topic is actually bio-diesel fuel production, but the math is fundamentally correct in any case.
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