Matt Randolph

But the API is always very close to the EIA.

So we'll know Tuesday how much that inventory drop.

You could see a parabolic move in gas prices.

on Wednesday when this show drops, if those inventory levels drop as much as people think they're going to drop.

How much gasoline and diesel?

We're talking about refined fuel specifically.

Yeah, a lot of these tankers aren't getting oil.

They're getting our gas and our diesel.

Oh, okay.

And that is driving up our gas prices more than if they were getting oil.

So what we're seeing right now is exactly what caused gas to go to $5 in 2022 under Joe Biden.

Russia attacked Ukraine.

We started exporting a lot of gas and diesel to Europe because they cut Russia off.

We brought our inventory levels way down.

Gas spiked to five dollars.

The difference is in 2022, it took us six months to send an additional 20 million barrels of gas diesel to Europe.

In 2026, we've done that in one month.

So this is a much faster, more drastic thing.

And there's tankers coming until mid-August at least.

So we could see gas prices go to places, honestly, not even willing to predict where the gas prices could go.