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Data from OPIS, which tracks gas prices at 130,000 stations nationwide, shows that nearly 41,000 of those stations, or nearly one out of every three, are already charging less than $3 a gallon for ...
US oil production is also already historically high, reaching 13.4 million barrels a day in August to hit a new all-time monthly high. There are also some upside risks to commodity prices, Blanch ...
US shale producers would lose market share if Trump's policies slash gas prices, Bob McNally said. "You cannot have $1.50 pump prices and a thriving shale oil sector. Period." A deep recession ...
Today, the U.S. is still dependent on oil, as oil plays an important role socially, economically, and politically. In May 2019, the United States produced a record 12.5 million barrels of oil per day and it is expected to reach to a record 13.4 million barrels per day by the end of 2019. [32]
In 2008, federal leases in the Gulf of Mexico produced 418 million barrels (66,500,000 m 3) of oil, down from 568 million barrels (90,300,000 m 3) in 2002; however, due to new deep-water discoveries, the MMS projects that oil production from the Gulf of Mexico will increase to 686 million barrels (109,100,000 m 3) per year by 2013.
The bill will result in significant assessments for both domestic and foreign energy producers, with Saudi Aramco of Saudi Arabia likely facing the largest charge at $640 million a year, while ...
The state of Louisiana issued its first offshore oil and gas lease in 1936, and the following year the Pure Oil Company discovered the first Louisiana offshore oil field, the Creole Field, 1.2 miles (1.9 km) from the shore of Cameron Parish, from a platform built on timber pilings in 10-to-15-foot-deep (3.0 to 4.6 m) water.
Analyzing gas price stats from January 1, 2021, to December 16, 2021, GasBuddy found that Monday consistently offered the lowest average gas price in 17 states and is the best day to buy gas.