6-23-26 *INTERVIEW* Patrick DeHaan of Gas Buddy on Why Oil is Down though Gas Prices Are Still High

Patrick DaHaan, vice president of petroleum analysis at Gas Buddy, joins the conversation to break down the current state of oil and gas prices. With his expertise, he sheds light on why the price of gasoline has increased by nearly 40% since the war, while the price of oil has only risen by around 10-12%. He explains that the difference lies in the refining process and the changing specifications of gasoline, which are influenced by factors like the Clean Air Act and seasonal demands. As we dive into the conversation, Patrick shares his insights on how the oil market reacts to changes in the Strait of Hormuz situation. He notes that the market is anticipating a potential deal between the US and Iran, which has led to a decrease in oil prices. However, if the situation doesn't improve, prices could spike again. Patrick's analysis provides a clearer understanding of the complex relationships between oil, gas, and global events. One of the key takeaways from this episode is the importance of considering the lag time between oil price changes and the impact on gasoline prices. Patrick explains that it can take several weeks for the effects of a decline in oil prices to be reflected in the price of gasoline. He also highlights the differences in gasoline specifications between winter and summer months, which affect the production costs and, ultimately, the prices at the pump. If you're curious about the intricacies of oil and gas prices and how they're influenced by global events, this episode is a must-listen. Patrick's expertise and straightforward explanations make complex topics accessible to everyone. Tune in to hear his insights and gain a better understanding of the oil and gas market.See omnystudio.com/listener for privacy information.