Latest / Shane Hewitt and The Nightshift
SHIFTHEADS: Dan McTeague Has Never Seen Diesel Fall This Far This Fast
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…
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