Gas prices dropping thirteen cents a liter in one day is news. Diesel falling twenty-eight cents a liter is something Dan McTeague says he has genuinely never seen before. Friday is the day to fill up. The reason it's happening is also the reason it won't last.

A two-week Strait of Hormuz ceasefire knocked eighteen to twenty dollars off a barrel of oil overnight. The market loved it. The supply situation did not change. Two to three months of infrastructure repairs on damaged oil fields and pipelines. Qatar's largest LNG facility in the world offline for five weeks under force majeure and still not producing. A global supply deficit sitting at ten million barrels a day. Countries in Asia running out of stockpiles and refusing to share what little they have left. Jet fuel sitting at $1.96 a liter before tax when it was $0.92 on February 27th.

The pump price on Friday is the best news in weeks. Dan McTeague says don't expect gas under a dollar fifty-five a litre in Ontario until this is actually fixed, and fixing it takes months, not days.

Topics: gas prices Canada, Dan McTeague, diesel price drop, Strait of Hormuz, global oil shortage

GUEST: Dan McTeague | affordableenergy.ca

Originally aired on 2026-04-08

Gas prices dropping thirteen cents a liter in one day is news. Diesel falling twenty-eight cents a liter is something Dan McTeague says he has genuinely never seen before. Friday is the day to fill up. The reason it's happening is also the reason it won't last.
A two-week Strait of Hormuz ceasefire knocked eighteen to twenty dollars off a barrel of oil overnight. The market loved it. The supply situation did not change. Two to three months of infrastructure repairs on damaged oil fields and pipelines. Qatar's largest LNG facility in the world offline for five weeks under force majeure and still not producing. A global supply deficit sitting at ten million barrels a day. Countries in Asia running out of stockpiles and refusing to share what little they have left. Jet fuel sitting at $1.96 a liter before tax when it was $0.92 on February 27th.
The pump price on Friday is the best news in weeks. Dan McTeague says don't expect gas under a dollar fifty-five a litre in Ontario until this is actually fixed, and fixing it takes months, not days.
Topics: gas prices Canada, Dan McTeague, diesel price drop, Strait of Hormuz, global oil shortage
GUEST: Dan McTeague | affordableenergy.ca
Originally aired on&nbsp;2026-04-08

Shane Hewitt & The Nightshift is your late-night companion for real talk, bold ideas, and unfiltered conversations that matter. Hosted by Canadian radio veteran Shane Hewitt, each episode dives into the headlines, human stories, and hidden truths shaping our world—always with curiosity, compassion, and a sharp edge.

From politics and pop culture to mental health, technology, and everyday life, this podcast is where night owls, deep thinkers, and curious minds come to connect. Featuring expert guests, passionate callers, and Shane’s signature style—thoughtful, fearless, and refreshingly real.

If you crave meaningful dialogue, smart perspectives, and late-night radio energy in podcast form, subscribe now and join The Nightshift.

Shane Hewitt &amp; The Nightshift is your late-night companion for real talk, bold ideas, and unfiltered conversations that matter. Hosted by Canadian radio veteran Shane Hewitt, each episode dives into the headlines, human stories, and hidden truths shaping our world&mdash;always with curiosity, compassion, and a sharp edge.
From politics and pop culture to mental health, technology, and everyday life, this podcast is where night owls, deep thinkers, and curious minds come to connect. Featuring expert guests, passionate callers, and Shane&rsquo;s signature style&mdash;thoughtful, fearless, and refreshingly real.
If you crave meaningful dialogue, smart perspectives, and late-night radio energy in podcast form, subscribe now and join The Nightshift.

Shane Hewitt and The Nightshift

Shane Hewitt is known for his engaging and relatable on-air personality, which captivates listeners. His ability to blend insightful commentary with humour and empathy creates a genuine connection with listeners.  Shane Hewitt and the Night Shift provides relatable content, informative discussions and expert insights – along with a balance of anecdotes and entertainment.

Shane Hewitt is known for his engaging and relatable on-air personality, which captivates listeners. His ability to blend insightful commentary with humour and empathy creates a genuine connection with listeners.  Shane Hewitt and the Night Shift provides relatable content, informative discussions and expert insights – along with a balance of anecdotes and entertainment.