The federal government says American motorists shouldn’t expect gasoline prices to drop too far this summer. The U.S. Energy Information Administration came out with its Summer Fuels Outlook and expects retail gasoline prices to average $3.84 a gallon during the summer driving season, April through September. Last summer’s average price was $3.06. After adjusting for inflation, …
Category: Gasoline Prices in Oklahoma
Gasoline prices climbing in Oklahoma
Gasoline prices across the nation have fallen slightly in the past week after the President’s latest release of crude from the U.S. Strategic Petroleum Reserve. But in Oklahoma, prices are still climbing as the state’s average is four cents higher than a week ago with a new average of $3.71 per gallon of regular …
U.S. and World energy headlines
** The Supreme Court is on the verge of restricting the Environmental Protection Agency’s ability to limit carbon dioxide emissions from power plants. The court’s conservative majority appears likely to side with Republican-controlled states and coal companies in West Virginia v. EPA, for which the court heard oral arguments on Feb. 28 and is expected to issue a …
Rep. Mullin blasts Transportation Secretary Buttigieg over higher fuel standards
Transportation Secretary Pete Buttigieg is under fire from Oklahoma Congressman Markwayne Mullin after recently announcing higher fuel economy standards for cars and light trucks. In a letter to Buttigieg, the Republican Representative said the new mandate of 49 miles per gallon for passenger cars by 2026 is “nothing more than a coercive government mandate …
US and world energy headlines
** President Joe Biden used a visit to corn-rich Iowa on Tuesday to announce he’ll suspend a federal rule preventing the sale of higher ethanol blend gasoline this summer as his administration tries to tamp down prices at the pump that have spiked during Russia’s war with Ukraine. ** U.S. President Joe Biden on Monday urged Indian leader …
US and World energy headlines
** Power generated by wind turbines in the United States hit a milestone last week, becoming the second-highest source of electricity in the country for a 24-hour period, according to the Energy Information Administration. ** New Fortress Energy Inc. is new to the LNG-export game, but its billionaire chief has big plans. Within a couple of years, …
Lankford urges Democrats to look in the mirror to see who’s to blame for high gas prices
While Democrats on the House Energy and Commerce Committee were slamming oil and gas and blaming the industry for high gasoline prices, Oklahoma U.S. Sen. James Lankford stood up for the industry on Wednesday, saying the Democrats have it all wrong on who’s to blame. He and other Senate Republicans said the President’s progressive …
New Mexico considers move to offset gasoline prices
New Mexico legislators returned to the state capitol this week for a special legislative session to consider $500 direct payments and lower public transit tickets to residents to offset high gasoline prices. Click here for Las Cruces Sun
Dems to punish Big Oil in Wednesday congressional hearing
While Oklahoma City’s Devon Energy company and other oil and gas majors called to testify Wednesday before a House Energy and Commerce Committee, other congressional committees also want to explore what they consider to be price gouging at the pump as the result of high oil prices. Leaders of Devon, BP America, Chevron, ExxonMobil, …
Oklahoma gasoline prices fell after Biden’s oil release
Oklahoma remains among the 10 states with the lowest gasoline price average as the President’s release of oil from the Strategic Petroleum Reserve helped send global oil prices falling. AAA Oklahoma reported the state’s new average is $3.74, down 7 cents from a week ago and 20 cents cheaper than one month ago. The …