Gasoline prices are heading lower after Saudi Arabia pushed oil prices too high and crushed demand, analyst says

• Wholesale gas prices will fall in coming months as oil demand keeps weakening, energy analyst Paul Sankey said.
• That's partially as Saudi Arabia's production cuts pushed oil prices too high, he told CNBC.
• It's unlikely the kingdom will cut output further, as it risks losing oil market share.

Expect lower prices at the pump in the coming months, as Saudi Arabia's production cuts sent crude prices too high, energy expert Paul Sankey told CNBC on Thursday.