Interesting, to see these people talking about hurricanes, and sensitivity to disruptions. Supply is having a harder and harder time keeping up with demand.
Kloza expects to see a record gasoline price of $2.28 a gallon near Labor Day, which could be trumped with Category 3 to 5 hurricanes in the Caribbean and the Gulf of Mexico in August and September.
"The remainder of the year will be much less about OPEC and much more about national economies, hemispheric weather, and the fear of selling short into a market, which could move up $5 a barrel or 20 cents a gallon on disruptions that could be taken in stride during the previous decades," Kloza said.