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Gas Prices Could Surge as Oil Supply Hits a Breaking Point
Gas prices are rising fast and the situation may be getting worse.
Chuck Zodda and Mike Armstrong break down a critical turning point in the global oil market as the Strait of Hormuz remains effectively closed and US inventories begin to draw down.
Also covered:
Why US oil stockpiles are shrinking at a dangerous pace
How close the system is to minimum operational capacity
What happens when supply can no longer meet demand
Why oil prices may need to rise sharply to rebalance the market
The potential for extreme outcomes if disruptions continue into summer
What it means for gas prices…
The skinny
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