Saturday, June 18th, 2022
Special Edition: Pain at the Pump - Why Is Gas So Expensive?
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Gas prices have been rising for two months straight. Now, on average, a tank of gas costs more than $5 nationwide. To try to bring prices back down, an organization of the world’s biggest oil producers, OPEC+, has promised to increase production. And here in the U.S., the federal government has been releasing one million barrels of oil a day from its gas reserves.
So why are prices still high? Today we’ll hear from trusted and well-known expert Patrick De Haan, the head of petroleum analysis at GasBuddy. Patrick is breaking down, step by step, how we got here and revealing insights into the oil market that you don’t often hear about.
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Guest: Patrick De Haan
Patrick De Haan has analyzed and tracked oil markets and fuel prices for nearly two decades. A graduate of DePaul University, Patrick has a degree in Business Economics and has concentrated on downstream oil markets, including crude oil, gasoline, diesel, and jet fuel since 2005, when Patrick and a professor at Grand Valley State University launched a blog in that shared oil market insights and predicted gas price movements.
With a solid foundation, Patrick went to work with GasBuddy, the best fuel-price tracking service in existence, providing expertise for millions of users. Since his start, he has provided regular commentary to U.S. News and World Report and is often quoted during gas price gyrations and fuel disruptions by almost all U.S. and international media outlets.
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