En-Pro International Inc.

Oil prices have dropped, but why haven’t gas prices? Expert Roger McKnight tells us about the uncertainty in gas prices going forward.

Roger McKnight, chief petroleum analyst at En-Pro International, joins BNN Bloomberg to give his gasoline price outlook for the week ahead.

Roger McKnight, Chief Petroleum Analyst at En-Pro International, joins BNN Bloomberg to give his gasoline price outlook for the week ahead. He says if the U.S. Fed raises interest rates, the reaction at the traders’ desks will be for lower futures prices and pump prices should fall.

Roger McKnight, Chief Petroleum Analyst at En-Pro International, joins BNN Bloomberg to give his gasoline price outlook for the week ahead. He says traders in the futures market are trying to weigh the chances of prices increasing or decreasing.

Roger McKnight, chief petroleum analyst at En-Pro International, joins BNN Bloomberg to give his gasoline price outlook for the week ahead. McKnight noted that ‘over the short term pump prices are under downward pressure as crude oil and gasoline inventories continue to build.’ McKnight added that there’s no specific timeline on when this will change.

Roger McKnight, chief petroleum analyst at En-Pro International, joins BNN Bloomberg to give his gasoline price outlook for the week ahead. He says Russian crude cuts in March could affect futures prices and short term pump prices, along with U.S. refinery maintenance.

Roger McKnight, chief petroleum analyst at En-Pro International, joins BNN Bloomberg to give his gasoline price outlook for the week ahead. He says there are large inventories of refined products driving down prices at the pumps which is unusual for this time of year.

Roger McKnight, chief petroleum analyst at En-Pro International, joins BNN Bloomberg to discuss his gasoline price outlook for the week ahead. McKnight says gasoline is in danger of becoming a luxury. He also noted that ‘the latest supply/demand data from the EIA indicates that demand for gasoline and the family of distillates is falling off as consumers stay home and avoid not only the pumps but the grocery stores.’

Roger McKnight, chief petroleum analyst at En-Pro International, joins BNN Bloomberg to give his gasoline price outlook for the week ahead. He says starting mid-February 15-U.S. refineries will be off-line taking out 1.4M barrels per day of capacity. This will lower inventories and drive up wholesale prices.

Roger McKnight, chief petroleum analyst at En-Pro International, joins BNN Bloomberg to discuss what to expect for gas prices in the week ahead. He says gasoline prices are in a “never-never land”, and crude is in “hover mode” due to Covid-related uncertainty in China. On the transition towards EVs, he says the government has to be able to have infrastructure in place for EV users to recharge quickly and efficiently.

Roger McKnight, chief petroleum analyst at En-Pro International, joins BNN Bloomberg to discuss what to expect for gas prices in the week ahead. McKnight noted that as we wrap up 2022, people are staying closer to home and shopping online, resulting in gas pumps seeing less consumers.

Roger McKnight, chief petroleum analyst at En-Pro International, joins BNN Bloomberg to discuss what to expect for gas prices in the week ahead. He sees gas prices falling in the near term but says heating oil and distillates could create challenges.