Patrick De Haan
Coverage of Patrick De Haan in the Nexus archive.
- Experts say gas prices will remain sticky, especially if Iran conflict flares up again
Gas prices have slightly dropped to $3.90 per gallon following a U.S.-Iran agreement to reopen the Strait of Hormuz, but experts predict prices will remain elevated until early 2027. Recent military actions in the strait, including Iranian strikes on a container ship and U.S. retaliatory strikes, raise concerns about renewed disruptions that could push prices higher.
- What metro Detroit drivers can expect at the pump for Fourth of July weekend and beyond
Metro Detroit drivers face higher gas prices compared to last year, deterring out-of-town travel for the Fourth of July. Prices have decreased slightly from Memorial Day levels but remain a financial burden, with experts citing refining issues, potential Midwest weather disruptions, and geopolitical factors like the Strait of Hormuz reopening as influences on future costs.
- President Trump says Strait of Hormuz will be 'fully opened' by Friday
President Trump claims the Strait of Hormuz will be fully opened by Friday as part of a U.S.-Iran memorandum of understanding (MOU). The deal is expected to lift a naval blockade and reduce oil prices, with Brent crude dropping over 4% and gas prices declining. However, the MOU's text remains unpublicized, and global oil inventories may take years to recover.
- GasBuddy talks prices at the pump
GasBuddy discusses recent changes in fuel prices and potential relief for drivers. Patrick De Haan joins Ronia to analyze the situation and provide insights.
- America’s emergency oil reserve is about to hit its lowest level since Reagan was in office
The U.S. Strategic Petroleum Reserve (SPR) is nearing its lowest level since 1983, with weekly depletion of 9 million barrels as the Trump Administration releases reserves to manage oil exports and domestic prices. Companies purchasing released barrels have pledged to replenish them, but concerns persist over energy market stability amid global reserve declines and geopolitical tensions like the closed Strait of Hormuz.
- Gas prices likely to remain high for months, energy experts say
Gas prices are expected to remain high for several months to years, according to energy experts. GasBuddy's Patrick De Haan stated normalization will take a 'very long, multi-month to multi-year process.'
- Gas prices are dropping — but they're still high
Gas prices in the U.S. are declining, with the average regular price at $4.39 per gallon, down 16 cents from the previous week due to a potential U.S.-Iran ceasefire extension. However, prices remain significantly higher than pre-war levels, and future stability is uncertain due to global market volatility, reduced oil exports from the Strait of Hormuz, and summer demand increases.
- Oil prices could spike next week without Iran deal: GasBuddy
GasBuddy's head of petroleum analysis Patrick De Haan warned that gas prices could spike next week if the U.S. and Iran fail to reach a deal regarding the Strait of Hormuz. As gas stations deplete their fuel inventories, oil prices may experience significant increases without a diplomatic resolution.
- All 50 states top $4 a gallon gas as Iran war impacts linger
All 50 US states have average gas prices above $4 a gallon due to the ongoing war with Iran, with the national average standing at $4.56 a gallon. The average price of gas has increased by 53% since the war started. California has the highest average gas price at $6.15 per gallon.
- How the Strait of Hormuz affects the price of filling your gas tank
The Strait of Hormuz, a critical oil export route for several Middle Eastern countries, has seen restricted ship traffic since February 2026 due to conflict, leading to U.S. gasoline price increases. Despite reduced U.S. imports from the Persian Gulf, global market dynamics and supply disruptions drive higher oil prices, affecting consumer costs worldwide.
- WATCH: What Trump's proposed gas tax holiday means
Patrick De Haan discusses a potential suspension of the gas tax due to rising fuel costs from the war with Iran, which could impact fuel prices. Trump's proposed gas tax holiday aims to alleviate these costs. The plan is being considered amid increasing fuel prices.
- WATCH: Federal gas tax suspension: Would it actually lower prices at the pump?
The federal gas tax suspension is being debated as a potential solution to lower gas prices at the pump during the peak summer travel season. GasBuddy's Patrick De Haan is analyzing the proposal. The effectiveness of the suspension in actually lowering prices is uncertain.
- Gas prices won't return to pre-war levels any time soon
Gas prices are unlikely to return to pre-war levels anytime soon, even if a US-Iran peace deal is reached. The average US price for regular gasoline was $4.54 per gallon on Wednesday, compared to just under $3 pre-war. Prices may take until early/mid 2027 to recover.
- Gas prices start to show signs of dropping
Gas prices are beginning to decline after weeks of high costs, offering relief to drivers. Patrick De Haan, GasBuddy's head of petroleum analysis, discusses the trend on 'The Daily Report.'
- Petroleum analyst expects "some form of relief at the gas pump"
Gas prices remain above $4 due to ongoing concerns about the Strait of Hormuz. Patrick De Haan, GasBuddy's petroleum analysis head, discusses potential relief on 'The Daily Report'.