In this episode, Patrick DeHaan, a leading expert on oil and gasoline markets, joins the conversation to break down the recent surge in gas prices. He explains why gas stations are raising prices despite having purchased gas at lower costs. Patrick sheds light on the global market dynamics and the impact of the Strait of Hormuz closure on oil prices. He also shares insights on how oil companies respond to disruptions and the challenges of accurately predicting gas prices. With Patrick's expertise, we'll explore the complexities of the oil market and its effects on our daily lives.