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Q1 2024: An Overall Report

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When 2024 began, little did we know what a tumultuous first quarter it would bring with it. There have been gains and losses all over the industry, as well as the EV market starting to experience its biggest downturn ever. 

There is a lot to cover, so let’s just jump right in.

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Daily Tracker
Oil Crisis Monitor
Updated: Oct 17, 2026 — 4:15 AM MT
Strait of Hormuz
230
Days
Day 230 — Tanker struck off Jubail, crew safe (UKMTO); IRGC reports a tanker fire. The strait remains closed.
Day 230: A tanker is struck off Saudi Arabia's Jubail, all crew safe (UKMTO); the IRGC says a supertanker hit a mine and caught fire.
Brent Crude
+50.2% since closure
$109.86
/bbl
Today: +$4.18 (+4.0%)
U.S. Gas Avg
+43.6% since closure
$4.31
/gal
Today: −$0.02
WTI Crude
+47.0% since closure
$101.41
/bbl
Today: +$4.11 (+4.2%)
Next
IMF PortWatch weekly Hormuz chokepoint update
3 days
Oct 20
USMCA Tariffs
25% IEEPA + 232 duties
IN EFFECT
199
Day
2026 SAAR Forecast
16.1–16.8M
▼ 16.8M
prev. forecast
View Full Tracker →
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