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Have We Seen the Cheapest of the Gas Prices?

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  • Description

    GRZ Energy president Anthony Grisanti argues oil prices will continue to rise.

  • Duration 1:49
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Not a campaign issue this coming back gas prices continue to rise across the country with more let's bring in its neighbor Sante president.

GR -- energy Anthony good to see you up fourteen cents a gallon almost in the last week three dollars and 63 cents a gallon and oil.

Is jump in big time today why.

It gasoline is actually leading the way today and he had at refinery problem in California with -- -- our refinery which supplies 8% of the gasoline for California.

And 15% of the gasoline on the West Coast so there's a pretty big guys significant refinery that's having a problem.

And -- when you add up what's happened over the last month you -- refinery problems in the East Coast with us -- refinery in Pennsylvania and Enbridge pipeline in the west.

You -- refineries that shut down earlier in the year.

The demand has increased a little bit not afraid of people just paid four weeks ago the cheapest -- gonna pay for gasoline this year -- IC.

Going nowhere but higher right now.

It -- how is it that oil is as high as it is let me take a look at where -- trade did that right now oil is at 93 point four a barrel.

How is it you could have oil that high in an economy that well stinks to high heaven according to -- Well there's a lot of factors that -- are involved in this when you look at oil now is a global market and I -- around the world.

You don't that the economies are terrible but if you look at geo politically what's going on if you look at the oil situation in just.

In the North Sea which is very tight supplies actually.

You know that's that equates and -- ninety dollar oil.

So it's not just a matter of the economy's bad in the US oil should be -- cheaper there's a lot of other factors are going to it and right now geopolitical probably adds about ten dollars to the the price of a barrel of oil.

If it is great to talk to thank you so much -- and Bieber something.

Thank you I'm back.

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