Gas Prices Near $3 a Gallon Ahead of Summer

Gas Prices Near $3 a Gallon Ahead of Summer

Assessment

Interactive Video

Business, Architecture

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the rising demand for gasoline, driven by increased travel and economic recovery post-COVID. It highlights the reversal of a pipeline by Phillips 66 to meet demand and the potential for record-high gasoline prices. The supply side is examined, noting the impact of the Texas freeze and European imports. Predictions suggest $3 per gallon nationally and $4 in California. Jet fuel recovery lags behind gasoline, with airports seeing slight traffic increases.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the reasons for the expected increase in gasoline demand?

Increase in remote work

Decrease in car ownership

Reduction in tourism

Pent-up travel demand

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What event affected refinery production earlier in the year?

Hurricane season

California wildfires

Texas freeze

Midwest floods

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential outcome if gasoline demand increases as predicted?

Decrease in gasoline prices

Stability in gasoline prices

Record-high gasoline prices

No change in gasoline prices

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the recovery of jet fuel demand compare to gasoline?

Jet fuel is recovering faster

Jet fuel is recovering at the same pace

Jet fuel is lagging behind

Jet fuel has fully recovered

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is happening to the discount of jet fuel compared to diesel?

The discount is narrowing

The discount is stable

The discount is eliminated

The discount is widening