What are some indicators of increased interest in travel this year?
Gas Prices Near $3 a Gallon Ahead of Summer
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Business, Architecture
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University
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Hard
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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.
OPEN ENDED QUESTION
3 mins • 1 pt
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
What factors are contributing to the increase in gasoline demand this year?
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3.
OPEN ENDED QUESTION
3 mins • 1 pt
How has the COVID crisis affected gasoline supply and demand?
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4.
OPEN ENDED QUESTION
3 mins • 1 pt
What predictions are being made about gasoline prices in the near future?
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5.
OPEN ENDED QUESTION
3 mins • 1 pt
What role does jet fuel recovery play in the overall fuel market recovery?
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