
Understanding Gas Prices
Interactive Video
•
Business
•
9th - 10th Grade
•
Hard
Nancy Jackson
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What percentage of the overall gas price is typically made up by crude oil?
30-40%
10-20%
40-50%
60-70%
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which organization has historically influenced the price of crude oil?
NATO
OPEC
UN
WTO
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the intended purpose of the Keystone Pipeline XL?
Increase US oil production
Transport Canadian crude to US refineries
Reduce gas prices in Europe
Transport US crude to Canada
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many gallons of gasoline can be refined from a barrel of crude oil?
40 gallons
30 gallons
20 gallons
10 gallons
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What percentage of the retail cost of gasoline is attributed to refining costs?
25%
10%
14%
20%
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the average percentage of gas price attributed to distribution and marketing?
14%
25%
20%
10%
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the average federal tax on gasoline per gallon in the US?
10 cents
30 cents
18 cents
25 cents
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