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