Name: Global market needs to 'catch up' with shortage of oil before gas prices can cool down, expert says
Uploaded: 2026-05-06T13:52:29Z
Duration: 3 min 59 s
Description: Canadians for Affordable Energy president Dan McTeague says the bigger issue at play driving gas prices to spike is the actual shortage of oil.

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Global market needs to 'catch up' with shortage of oil before gas prices can cool down, expert says

Canadians for Affordable Energy president Dan McTeague says the bigger issue at play driving gas prices to spike is the actual shortage of oil as a result of the Strait of Hormuz standstill.

May 05, 2026 at 9:45AM EDT