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CNBC SQUAWK BOX ExxonMobil CEO: There's a disconnect between crude prices and pump prices

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Why it worked

The video likely performed well due to its timely and relevant topic of gas prices, presented by a credible source (ExxonMobil CEO on CNBC). The clear on-screen text and concise explanation of a complex issue would have made it easily digestible for a broad audience.

Summary

The ExxonMobil CEO discusses the disconnect between crude oil prices and pump prices, attributing it to refinery constraints. He explains that while crude prices may fluctuate, refinery limitations are currently the primary driver of gasoline costs.

Structure

1Introduction of disconnect between crude and pump prices
2Explanation of crude price influence on pump prices
3Impact of refinery constraints on pump prices
4Current market disconnect and its implications
5Expectation of continued price stability due to supply chain issues

Product placement

ExxonMobil CEO Darren Woods is interviewed on CNBC's Squawk Box, discussing the company's perspective on oil and gas prices. The video features on-screen text with the headline "ExxonMobil CEO: There's a disconnect between crude prices and pump prices."

Call to action

Watch the full interview at the #linkinbio or the link on screen. #CNBC #exxonmobil

On-screen text

CNBC SQUAWK BOX ExxonMobil CEO: There's a disconnect between crude prices and pump prices The pump prices have been heavily influenced by crude prices, because that's the main driver of cost when you have no refinery constraints. There's a disconnect today because now we have a refinery constraint. prices are being established by a supply and demand of refining petroleum products, not crude. That's one of the reasons why we haven't seen crude rise as quickly as people have thought, see product prices fall as crude prices came down, this disconnect in the marketplace. But until you get flows established in the marketplace, I think prices consistent with what we're now experiencing for quite a while yet, as you got to get and then we've the inventories and get things moving. So I wouldn't, I wouldn't here in the short term for that.

Original caption

ExxonMobil Chairman and CEO Darren Woods discusses the disconnect between crude and pump prices on CNBC “Squawk Box.” Watch the full interview at the #linkinbio or the link on screen. #CNBC #exxonmobil