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Historical data used to predict the average or trend of actual demand is based on which of the following assumptions?
Kerosene Components
Kerosene components refer to the mixture of hydrocarbons derived from petroleum, used primarily as fuel in heating and aircraft engines.
Flammable Liquid
A liquid substance capable of catching fire and burning easily in the presence of an ignition source.
Light Gas Fraction
A portion of the distillate in petroleum refining that is composed of the lighter hydrocarbons, such as methane, ethane, propane, and butane.
Crude Oil
A natural, unrefined petroleum product composed of hydrocarbon deposits and other organic materials.
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