John Kilduff
John Kilduff
driving gasoline season summer supplies worries
Worries about gasoline supplies during the summer driving season are fading.
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We're forecasting oil will grind higher up to $33, ... with an ultimate spike up to $40 a barrel on the outbreak of hostilities.
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With winter speeding by, there isn't much time left to generate significant demand.
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We are at levels that in the past several years had caused gasoline prices to approach the $1.70-type national average record levels.
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It's a silver lining, but it's not positive enough to get traders to stop staring down Rita.