Gasoline prices continue to fall and appear to be headed even lower as motorists prepare to hit the roads for Thanksgiving. ( Johnny Hanson / Houston Chronicle )

Gasoline prices plummet as storage levels hit 25-year highs

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The Houston area sees an average of just $1.61 per gallon of regular unleaded gasoline on Monday, which is down more than 4 cents in a week, while the national average dropped 6.5 cents to $1.82 a gallon, according to GasBuddy survey data. Texas overall is averaging $1.62 a gallon.
FENTON, MO - DECEMBER 30:  A Circle K gas station is completely submerged on Route 141 on December 30, 2015 in Fenton, Missouri. The St. Louis area and surrounding region are experiencing record flood crests of the Mississippi, Missouri and Meremac Rivers after days of record rainfall. (Photo by Michael B. Thomas/Getty Images)

Midwest flooding might make the oil glut worse

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The flooding is the worst since May 2011, when rising water on the Mississippi and its tributaries deluged cities, slowed barge traffic and threatened refinery and chemical operations.
(Patrick Semansky/Bloomberg)

Blizzard conditions hit HollyFrontier refining operations

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The extreme weather kept some crude oil from making it to HollyFrontier’s Navajo Refinery in New Mexico and slowed refining production.
(AP Photo/Eric Gay, File)

When’s winter coming? Balmy December sinks global energy prices

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The bad news comes at the end of an already very bad year for prices. Global oil and gas supply surged in 2015 at the same time as Europe increasingly relied on renewable energy sources
(AP Photo/Eric Gay, File)

Natural gas, used to heat homes, plunges on mild weather

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Temperatures in Chicago, Detroit, New York and Washington have been as much as 25 degrees above normal in the past five days, according to AccuWeather.
Image of Hurricane Joaquin  over the Caribbean, from NOAA's GOES West satellite. (NOAA)

Quiet Gulf hurricane season leaves oil drowned in oversupply

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Barely an oil worker was evacuated from the Gulf of Mexico and the biggest storm this year — the strongest hurricane ever in the Western Hemisphere, actually — tore through the Pacific.
U.S. regulators expect their review of the proposed Halliburton-Baker Hughes merger to last into the new year.  (AP Photo)

Reports: Halliburton plant in the Panhandle a total loss after tornado

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The sprawling facility sustained extensive damage from a tornado that ripped through the Pampa area, a Gray County sheriff’s deputy said.
A group of men working on solar panelling

Commentary: DOE Report Reveals Cracks in U.S. Energy Infrastructure

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In early October, the Department of Energy (DOE) published a report examining different weaknesses in the nation’s current energy infrastructure system. The report focused specifically on energy sectors in relation to global climate change, and highlighted severe vulnerabilities for existing energy infrastructure. According to the study, climate change has already been responsible for severe, threatening […]
A wind farm in West Texas, outside of Roby. (Photo courtesy Rational Middle Media)

Texas hits new wind power milestone on Thursday

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At 12:38 a.m. Thursday, the grid that manages nearly 90 percent of Texas’ electricity load hit 12,237.6 megawatts of wind generation — nearly 37 percent of the grid’s load at the time — besting the previous record 11,467 megawatts from wind set on Sept. 13, according to the Electricity Reliability Council of Texas that manages the grid. A megawatt powers about 500 typical Texas residences during periods of normal demand.
(Doug Kanter/Bloomberg News)

Clean Power Plan may force coal power plant retirements in Texas, ERCOT says

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Despite the concerns, the estimated retirement of at least 4,000 megawatts of coal-fired generation capacity in the ERCOT region is much less than the previous projection of 8,700 megawatts given last year before the Clean Power Plan rule was finalized and the timelines were eased, said ERCOT, which manages about 85 percent of Texas’ electricity load.