- Senior energy trader Rebecca Babin warns that gasoline prices could hit 4.75 dollars even if current supply flows resume during the peak summer season
- Market analysts indicate a 100 percent probability of prices reaching 5.00 dollars per gallon if supply disruptions persist without resolution
- Recent geopolitical shocks including unexpected developments in Venezuela have increased market volatility and supported a rally in crude prices
- Heightened uncertainty regarding global oil flows is currently outweighing previous market concerns about a potential supply glut
Gasoline prices projected to reach five dollars amid summer driving demand and supply disruptions
May 27, 2026, 3:24:07 PM UTC(5 hours ago)
Impact: Medium
Affected Assets
Sources
From:@YahooFinance
“I think we could tip up to $4.75 throughout the course of the summer driving season, even if we have flows resume,” CIBC Private Wealth’s Rebecca Babin says. “If flows don’t resume, we are 100% going to $5.” https://t.co/wTaHZYxGxe
