For the first two months of 2023, production of crude oil in the U.S. neared pre-COVID levels, according to the U.S. Energy Information Administration.
The production of crude oil in the U.S. in January and February was the most since March 2020 when the pandemic hit.
The U.S. produced 12.54 million barrels of crude oil per day in January and 12.48 million barrels per day in February. That represented the highest levels since 12.80 million barrels per day in March 2020.
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by John Hugh DeMastri A growing number of states and cities are considering or implementing bans for the future construction of not just gas stoves, but natural gas hookups themselves, a move that would raise costs for consumers and potentially have negative environmental consequences, natural gas advocates told the…
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In a recent report from AAA auto club, it suggests that gas prices in Florida will continue to increase into the winter months as a result of global supply concerns over crude-oil and gasoline.
According to AAA, as of Monday, the average price per gallon of unleaded gas in Florida is $3.18 and is expected to increase to $3.20 before they expect for it to go back down. The national average gas price is $3.33.
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Oil prices hit a 7-year high this week as American oil and gas companies continue to fight the Biden administration over policies restricting production.
As the economy began to reopen this year and the demand for fuel increased, President Joe Biden, through executive order, halted and restricted oil and gas leases on federal lands, stopped construction of the Keystone Pipeline, and redirected U.S. policy to import more oil from Organization of the Petroleum Exporting Countries and Russia (OPEC+) instead of bolstering American oil and gas exploration and production.
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