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What’s the Outlook for Summer Gasoline? | Presented by CME Group
Bloomberg Television· 2025-06-23 17:17
[Music] Every time you stop to refuel, you might wonder why the price at the pump fluctuates so much. Gasoline prices are influenced by several factors, with crude oil being the biggest component, making up nearly 49% of the cost. Distribution and marketing account for 19%.While refining and taxes each make up 16%. Crude oil is affected by economic conditions, geopolitics, supply and demand, and inventories. For the summer of 2025, the US Energy Information Administration predicts a 9% drop from the last ye ...
Any stand down pathway in Middle East could swing oil to the downside, says Clearview's Kevin Book
CNBC Television· 2025-06-18 18:10
All right, now let's talk about the oil and gas aspect to this story and try to make sense of all of it with Kevin Book. He is managing director of research at Clear View Energy Partners. And uh Kevin, good to see you.There was a fascinating article in the Financial Times today kind of about how the oil market's a little bit vexed by what's going on. I mean, theoretically, if you told me there were missiles flying over Tehran into Tel Aviv back and forth, I would tell you oil is probably going to be $90 to ...