Oil Prices
The chart below shows the price of a barrel of crude oil (USS) for January, 2004-2008 - Leaving Cert Geography - Question 6 - 2009
Question 6
Oil Prices
The chart below shows the price of a barrel of crude oil (USS) for January, 2004-2008. Examine the chart carefully then answer the questions which follow... show full transcript
Worked Solution & Example Answer:Oil Prices
The chart below shows the price of a barrel of crude oil (USS) for January, 2004-2008 - Leaving Cert Geography - Question 6 - 2009
Step 1
During which year did oil reach its highest price?
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Answer
Oil reached its highest price in 2008, when the price was $92.
Step 2
During which year did oil reach its lowest price?
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Answer
The lowest price of oil was in 2004, with a price of $31.
Step 3
What is the difference between the highest and lowest prices during the period 2004-2008?
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Answer
The difference between the highest price (92in2008)andthelowestprice(31 in 2004) is $61.
Step 4
What is the average price of oil for the five years in the chart? (2004-2008)
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Answer
To calculate the average price, we sum the prices: 31+45 + 63+54 + 92=285. Dividing by 5 gives an average price of $57.
Step 5
Oil is a fossil fuel. Name one other fossil fuel.
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Natural gas is another example of a fossil fuel.
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