The Houston average for regular unleaded ticked down to $1.73 this week — the lowest since early 2009 — while the statewide average is just slightly higher at $1.76 a gallon.
The extreme weather kept some crude oil from making it to HollyFrontier’s Navajo Refinery in New Mexico and slowed refining production.
Manufacturers who responded to the survey said measures of demand were slowing and expressed concern about their business in the coming quarters.
The records released by the U.S. government also show that despite a stepped-up air-strike campaign against ISIS oil infrastructure throughout 2014, the group was still able to keep the crude flowing.
The Polar Pioneer cancellation marks the second for Transocean this month.
Petroleos Mexicanos said that the fire ignited in a pool of fuel left by thieves after they drilled a tap into a pipeline.
Diamond Offshore plans to appeal the judgment, the Houston-based company said.
Another three rigs went dark this week as producers found little financial incentive to continue chasing crude while prices remain stuck below $40 a barrel.
The lifting of a decades-old ban on crude oil exports primes Corpus Christi to become a key oil hub in the coming years, but it also dampens interest in expensive projects to export condensate, an ultralight oil not subject to the long-standing restriction.
More Houston-area energy jobs are on the chopping block next year as Dresser-Rand announced plans to shutter a North Houston support facility and lay off 72 people who work there.