Patrick DeHaan

No surprise here, the back-and-forth tariffs and retaliatory tariffs are giving oil investors a case of vertigo.  Oil prices in Monday’s trade were slightly higher, trading around $61 per barrel, which is up about 1% from last week’s sell off.  Patrick DeHaan with...

Oil prices have dropped roughly $10 a barrel in the past week, during what Patrick DeHaan with Gasbuddy.com has called a tumultuous week.  He noted a lot of this turbulence and unease is happening because of President Trump's tariffs coming in heavier and more significant than expected, increasing concerns of a global recession or slowdown.   “...

Iran, Venezuela, peace talks between Ukraine and Russia, and the struggling Chinese economy, there's lot for investors, specifically oil investors to focus on these days.  Patrick DeHaan with GasBuddy.com said that’s been the pattern for the oil community for the past two months.   “Essen...

Oil prices continue their downward trend.  West Texas Crude was down to $65 per barrel in Monday’s trade, while Brent Crude was trading around $66 per barrel, a nearly 2% decrease for both.  Patrick DeHaan with Gasbuddy.com says not only ha...

Tariffs against Canada and Mexico have been paused through the rest of this month, and if you believe that means the oil markets are quiet, you would be mistaken.  Oil prices in early Monday action were trading slightly higher, but still in the $72 a barrel range.  Patrick...

After weeks of promise, the Trump Administration announced tariffs against Mexico and Canada of 25% this weekend, plus an additional 10% tariffs against China.  While the tariffs were expected, it was still a shock to investors, with the Dow shedding over 500 points in early trade.  Oil pri...

Patrick DeHaan with Gasbuddy.com says oil prices have been all over the map this month as Washington D.C. transitions from one Administration to another.   “ President Trump, we've seen a lot of volatility and policies. We've seen some big movements in the price of oil,' DeHaan said.  "Oil pri...

For the second week of the new year, oil prices have moved higher.  Patrick DeHaan with GasBuddy.com said this most recent trend started last week.   “The Biden administration issuing harsher sanctions on shipping companies and vessels that would operate and take sanctioned crude oil from countries like Iran and Russia and deliver it to countries like China and India," DeHaan noted.  "Th

We’re only a week into the New Year, but oil prices have been moving for most of 2025.  Oil prices were trading around $74 per barrel Monday, reporting some of the highest prices seen in several months.  So, why the sudden jump in crude prices?   “Now there's som...

This time tomorrow, it will be a new year.  What is the expectation of 2025 when it comes to the fuel and energy sector?   Patrick DeHaan with GasBuddy said there are still many questions that make it hard to determine what consumers can expect in the months ahead.   “Chin...