'More Pain at the Pump to Come,' Stephen Schork Says

The video discusses the tightness of the oil market and its impact on gas prices, highlighting concerns from experts like Goldman Sachs' Jeff Curry. It predicts rising gas prices throughout the summer, with crude oil prices holding at $120 per barrel. As demand increases, especially around the 4th of July, the national average for gas is expected to rise to $5.40 per gallon. The video explains that every dollar increase in oil prices could lead to a two to two and a half cent rise at the pump.

What is one of the main concerns raised by experts regarding the gas market?

• A decrease in global oil production

• The potential for gas prices to decrease

• A surplus of crude oil in the market

• The tightness of the market leading to rising prices

What is the current price range for crude oil, according to the video?

• $100 per barrel

• $120 per barrel

• $140 per barrel

• $160 per barrel

As the 4th of July approaches, what is expected to happen to the demand for oil?

• It will fluctuate unpredictably

• It will increase

• It will remain the same

• It will decrease significantly

What is the forecasted national average gas price by the 4th of July?

• $4.00 per gallon

• $6.00 per gallon

• $4.80 per gallon

• $5.40 per gallon

How much does the gas price at the pump increase for every dollar increase in oil price?

• Five cents

• Two to two and a half cents

• One cent

• Ten cents