Gas Prices Expected to Drop as Oil Demand Slumps, Saudi Supply Cuts Backfire

Wholesale gas prices will fall as oil demand keeps weakening, says analyst Paul Sankey.

Saudi Arabia's production cuts pushed oil prices too high, crushing demand.

Saudi Arabia unlikely to cut output further as it risks losing market share.

US domestic oil production has held up, offsetting cuts elsewhere.

Lower prices expected at the pump in coming months as demand slides.