Is Oils Plunge Showing Up at the Pump?

The video tutorial discusses the differences in gasoline prices between Europe and the US, highlighting the impact of a 42% drop in Brent crude oil prices since June 19th. It explains how European gasoline prices have only fallen by 8% compared to a 27% drop in the US, due to high taxes in Europe. The video also covers the role of taxes in maintaining higher gasoline prices in Europe, despite the decline in crude oil prices, and concludes with the challenges faced by European drivers.

What is the term used for gasoline in England?

• Gasoline

• Petrol

• Fuel

• Diesel

By what percentage have US pump prices dropped according to the American Automobile Association?

• 8%

• 16%

• 27%

• 42%

Which line represents European gasoline prices excluding tax in the chart?

• Red line

• Green line

• Yellow line

• Purple line

What fraction of the price paid at the pump in Europe is tax?

• 3/4

• 2/3

• 1/2

• 1/3

How much is the tax on gasoline in the US per gallon?

• $0.49

• $2.00

• $4.00

• $1.00