Oil Still Set to Top $120 by Year-End: Energy Aspects

What is the primary reason for the recent decline in gasoline prices?

• Higher production costs

• Supply-side issues

• Increased demand

• Government subsidies

Which region's petrochemical weakness is contributing to the supply-side issues?

• Africa

• North America

• Asia

• Europe

What seasonal event is expected to influence oil prices in the short term?

• Government interventions

• New oil discoveries

• Refinery maintenance

• Increased travel

What significant event is expected to occur in November that could affect oil prices?

• Major oil spill

• New trade agreement

• OPEC meeting

• End of SPR

What is the forecasted oil price by the end of the year?

• $110

• $130

• $120

• $100