https://www.cnbc.com/2018/05/16/oil-prices-could-rise-to-85-a-barrel-by-july-warns-dan-yergin.html

Oil prices could hit $85 a barrel by July, when demand for
gasoline is high, said Dan Yergin, vice chairman of IHS Markit.

Yergin is particularly concerned about falling output in Venezuela, and says
Middle East tension may also keep the oil price rally going.

Demand for gasoline could begin to fall if prices rise much beyond current
levels near $3 a gallon, according to Yergin.

https://www.marketwatch.com/story/us-gasoline-prices-could-top-3-this-summer-thanks-to-iran-and-venezuela-2018-05-10

U.S. gasoline prices have already climbed to levels not seen since late 2014,
but could rise to $3 a gallon or more this summer, analysts warned Thursday.

The prediction follows a rally in oil prices following the U.S. decision to
withdrawal from the Iran nuclear deal and reimpose economic sanctions on Tehran,
would raises the risk of further tensions in the Middle East and could tighten
crude supplies from the oil-rich region. Venezuelan output also continues to see
significant declines it suffer from an economic crisis.

Oil prices had already been rising on the expectation that President Donald
Trump would decide to leave the Iran nuclear deal and reinstate sanctions on
Tehran. WTI oil trades roughly 18% higher year to date.

That has contributed to high prices at the pump for regular unleaded gasoline,
which averaged $2.844 a gallon on Thursday afternoon, up 18.2 cents form last
month’s average and 50 cents higher than last year’s average, according to data
from GasBuddy.