GasBuddy Expert Warns: This Oil Crisis Could Last Over a Year (w/ Patrick De Haan)
5/5/202614 min
Tim Miller is joined by Gas Buddy's Head of Petroleum Analysis Patrick De Haan for his take on the escalating oil crisis, surging gas prices, and why Americans could be feeling the effects for a long time. De Haan warns that every day the Strait of Hormuz remains disrupted could mean weeks of recovery for global oil markets, potentially leading to a 65-week climb back to pre-crisis prices. He also predicts a July 4 “sticker shock” as rising diesel costs drive up prices on everything from gas to summer cookout staples. They break down why U.S. oil production can’t insulate Americans from global markets, how refinery problems are making things worse, and why this crisis could ripple through the entire economy.
Read more from Patrick's work: https://gaspriceguy.substack.com/
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First 90 secondsSpeaker 00:00
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Speaker 10:29
Oh, oh, oh, O'Reilly.
Speaker 20:32
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Tim Miller· Host0:59
Hey, everybody. It's Tim Miller from The Bulwark. Uh, delighted to welcome somebody on that I've been following religiously for the past, I don't know, 40 days or so. Uh, he's the head of petroleum analysis at GasBuddy. Uh, he's analyzed and tracked oil markets and fuel prices for nearly two decades. You can find him on Substack at gaspriceguy.substack.com. It's Patrick De Haan. How you doing, man?
Patrick De Haan· Guest1:18
Hey, good to be with you. 40 days, huh, man? That seems like a long time ago.
Tim Miller· Host1:21
[laughs] Loyal. I've been a loyal follower for 40 days. Um, no, man, this is your moment in the sun, I guess, uh, for better or worse, uh, thanks