CLEAN: If oil is down, then why aren't petrol prices?

CLEAN: If oil is down, then why aren't petrol prices?

Assessment

Interactive Video

Business, Social Studies

9th - 10th Grade

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the ongoing issue of high fuel prices, highlighting that prices have not decreased significantly despite previous highs. It explains the increase in refining margins over the years due to limited refining capacity in Europe, leading to higher prices. The video also addresses misconceptions about investment machinations, attributing the situation to the rising demand for diesel due to the dieselization of vehicles.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main concern expressed by consumers regarding diesel prices?

The prices have not decreased much.

The prices are lower than expected.

The prices are fluctuating too much.

The prices have significantly increased.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the refining margin in May 2008?

20 cents

16 cents

6 cents

2 cents

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is the diesel market described as 'tight'?

Because of low consumer demand.

Because of a lack of refining capacity.

Due to government regulations.

Due to high production costs.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main reason for the increased demand for diesel?

Rationing of diesel supplies.

Manipulation of investments.

Dieselization of the vehicle fleet.

Decrease in gasoline prices.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the speaker's stance on the idea of investment manipulation?

It is completely false.

It is not mentioned.

It is a valid concern.

It is partially true.