Gasonomics: What’s Up in Energy? More Oil Getting Pulled from Reserves

Explore the latest in the energy complex on the new podcast, Gasonomics with host Tim Snyder of Matador Economics. From the latest renewable energy news to the economic implications of the oil and gas industry, join Snyder as he gives an engaging and in-depth look at the energy sector.

In the inaugural episode of Gasonomics, host Tim Snyder of Matador Economics revealed the latest energy complex news and its economic implications.

Snyder opened with news of President Biden’s administration plans to withdraw another 26 million barrels of crude oil from the strategic petroleum reserve (SPR) — leaving the SPR with 345.6 million barrels remaining. With this administration releasing a total of 292.5 million barrels since 2020, this is the largest withdrawal seen since the 1970s.

The Bureau of Labor Statistics released the January 2023 consumer price index, showing a .5% increase to 6.4% year-over-year. Since December came in at a -.1%, Snyder believes this trend will concern fed watchers. Snyder noted that this “casts some shade on the idea that the fed will wrestle inflation back to its targeted 2% by years’ end.”

Additionally, Snyder covered the US Energy Information Administration’s report showing the national average gas and diesel prices dropping 2.5 cents per gallon and diesel fuel also dropped .16 cents per gallon. However, Snyder cautioned this is likely a seasonal trend and demand may cause prices to climb again. In relation, the Organization of the Petroleum Exporting Countries (OPEC) announced an adjustment to the 2023 demand forecast for crude oil and refined products as Chinese demand will influence markets around the world.

Follow us on social media for the latest updates in B2B!


digital court reporting
Stenograph’s MAXScribe™ to Become the Primary Software for Key College Digital Reporting Program
March 20, 2023

DOWNERS GROVE, Ill., March 20, 2023 ( – Stenograph®, LLC announces a partnership with Key College to further its support of court reporter education. Key College has named Stenograph’s digital court reporting software, MAXScribe, the primary software of its Digital Court Reporting Certificate Program. To help prepare students for AAERT Certifications such as CER, CET, and CDR, […]

Read More
AI influencers
Marketing Professionals Say AI Influencers are Here to Stay
March 20, 2023

Let’s talk about AI influencers. You may have heard about Miquela Sousa, the 19-year-old Brazilian-American model and definitely not a real human getting ‘hacked’ in 2018 by a pro-Trump Influencer. No? What about Maybelline unveiling ‘May’, its own digital influencer created to sell mascara? Like it or not, AI influencers, or more concretely, animated […]

Read More
food industry's understaffing problem
The Food Industry’s Understaffing Problem: A Positive Change for Employees and Customers
March 20, 2023

The food industry is known for its fast-paced, high-stress environment. However, in recent times, the food industry’s understaffing problem has made things much more challenging! The food industry is feeling the pinch of understaffing, with over 60% of establishments admitting they are struggling to recruit enough employees. In spite of that, this challenge has […]

Read More