From the latest in oil and gas trends to the electrification of transportation, the ever-evolving landscape of the energy industry impacts everyday lives. Patrick De Haan (@GasBuddyGuy) of GasBuddy.com has been called one of the most accurate fuel forecasters in the country, analyzing fuel prices and trends at GasBuddy for more than a decade. He touches on the recent bull run in crude oil prices, which started around June and was influenced by factors like production cuts by Russia and Saudi Arabia. He mentions the potential for crude oil prices to continue rising, with some forecasts suggesting prices could reach $100 per barrel. The conversation delves into the resilience of consumers to higher gasoline prices and how factors like the COVID lockdown and pent-up demand influenced consumer behavior. He also shared the challenges and potential grid issues associated with the rapid adoption of electric vehicles (EVs), especially in regions that may not have the necessary infrastructure. The conversation highlights the role of politics in shaping energy policies and how these policies can have unintended consequences.
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