CAMARILLO, Calif.—The average U.S. price of regular-grade gasoline rose a nickel over the past two weeks, to $3.21 per gallon. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that gas prices will likely hold steady now that crude oil costs have stopped rising. The price at the pump is 97 cents higher than…
North Dakota Sues Biden Administration Over Suspension of Oil, Gas Lease Sales
North Dakota on July 8 sued President Joe Biden’s administration over its cancellation of a planned auction of oil and gas leases. Under the Mineral Leasing Act, lease sales must be held at least once a quarter in each state where eligible lands are available. But the lease sale scheduled for March was canceled and…
California, World’s Fifth-Largest Economy, Scrambles to Find Reliable Energy
July 7, 2021
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California is looking for help keeping its lights on this summer as it seeks to procure additional energy resources in preparation for coming heat waves. “We are concerned about the level of imports available,” California Independent System Operator (Cal ISO) vice president Mark Rothleder said during a recent press briefing. “During these high temperature conditions, we are experiencing…
Easy Ways to Cut the Soaring Price of Gasoline
Only a few months ago, I paid $1.87 a gallon for gas in Thornton, Colorado. That’s more than a dollar cheaper than I paid this past week at the same location—$3.05 per gallon! What’s going on? According to Forbes, the price for a barrel of West Texas Intermediate crude oil tested the $70 level earlier…
Slight Increase Raises Average LA Area Gas Price to Highest Amount Since 2014
June 29, 2021
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LOS ANGELES, Calif.—The average price of a gallon of self-serve regular gasoline in Los Angeles County rose to its highest amount since May 3, 2014, today, increasing two-tenths of a cent to $4.304. The average price has increased 14 of the past 15 days, rising 5.8 cents, including one-tenth of a cent on June 28,…
Australian Renewable Agency Blocked from Funding Low Emissions Technologies
June 23, 2021
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The Australian Government’s plan to use its Renewable Energy Agency (ARENA) to bankroll the development of low emissions technologies has been extinguished after a bill it banked on passing was blocked, stopping access to billions of dollars in funds. Last year’s 2020-21 federal budget (pdf) had allotted $1.6 billion (US$1.2 billion) to ARENA in the…
Aussie PM Pushes to Cut Million-Dollar Delays in Mining and Gas Projects
The resources industry has championed Australian Prime Minister Scott Morrison after calling for reform of the environmental conservation act that had previously left mining and gas projects waiting years for approval and cost companies up to a million dollars a day. Despite a global landscape imbued with growing debt following the effects of the COVID-19,…
Australia Ushers in New Oil, Gas Exploration Amid Shortfall Concerns
The Australian Government has opened up 80,000 square kilometres (30,000 square miles) of coastal waters for oil and gas exploration amid a shortage of supplies on the nation’s two key commodities. Industry stakeholders will be expected to bid for exploration rights in a total of 21 areas off the coasts of Western Australia, Victoria, and…
Gas Prices Hit New Yearly High, Driven by Cost of Crude Oil
Gas prices hit a nationwide average of $3.08 per gallon on Monday, driven by the cost of crude oil. Crude oil passed $70 a barrel, the highest price since October 2018, according to the American Automobile Association (AAA). Price per barrel has jumped $23 per barrel since January. The rising cost per gallon of gas stems…
Woolworths Turns to Wind Power to Blow a Hole in Carbon Emissions
A new renewable energy deal has put the wind in the sails of Australia’s largest supermarket, Woolworths, promising to supply 30 percent of the food giant’s New South Wales (NSW) energy needs. The contract will see the transfer of 195,000 Megawatt-hours from Bango Wind Farm to 108 outlets in NSW—equivalent to powering 34,000 homes—every year….
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