John Kilduff, a founding partner at Again Capital in New York, said we could be in for a big drop in gas prices.
“There’s a lot of oil waiting to hit this market, from the United States, where our production keeps rising, and even Iran and Iraq for that matter, where we’re seeing productions soar,” he told WBZ NewsRadio 1030 Friday.
“It could be a cheap summer.”
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Crude oil prices were at $101 a barrel in New York Friday, but Kilduff said that could fall to $75 a barrel or lower, which could bring gasoline prices down significantly.
“If we got down to $75 on crude oil, you would see a U.S "
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An energy analyst said oil could fall to $75 a barrel or lower, and cut gasoline prices significantly. Continue Reading Below. Share Tweet.Read more
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