Gas Prices Near $3 a Gallon Ahead of Summer

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.

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

What event affected refinery production earlier in the year?

• Hurricane season

• California wildfires

• Texas freeze

• Midwest floods

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

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

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