Anthony Grisanti, an oil trader at GRZ Energy, told CNBC’s “Power Lunch” that $3-a-gallon gasoline this summer is a “foregone conclusion.”
“My personal opinion is you could see $3.50 (a gallon) very easily with a couple of refinery problems,” Grisanti said Tuesday. “Throw in a hurricane, and you could have $4 (a gallon) no problem at all.”
John Kilduff, senior vice president of energy risk management at Fimat USA, said production problems have kept supplies low.