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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.
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.
The extreme weather kept some crude oil from making it to HollyFrontier’s Navajo Refinery in New Mexico and slowed refining production.
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
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.
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.
The sprawling facility sustained extensive damage from a tornado that ripped through the Pampa area, a Gray County sheriff’s deputy said.
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 […]
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.
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.