gas prices

US News
3:42 am
Mon March 30, 2015

With So Much Oil Flowing, U.S. May Be Reaching Storage Limits

Cushing, Okla., is a major oil storage site. Amid record oil production, some analysts worry the U.S. will run out of places to put it all.
Daniel Acker Bloomberg via Getty Images

Originally published on Mon March 30, 2015 11:16 am

Never before has the U.S. had so much oil spurting up out of the ground and sloshing into storage tanks around the country. There's so much oil that the U.S. now rivals Saudi Arabia as the world's largest producer.

But there has been some concern that the U.S. will run out of places to put it all. Some analysts speculate that could spark another dramatic crash in oil prices.

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Economy
3:34 am
Mon February 9, 2015

Oil Price Dip, Global Slowdown Create Crosscurrents For U.S.

Oil pumpjacks are seen in McKenzie County in western North Dakota. Cuts in production and energy company payrolls will cost the U.S. economy up to $150 billion, economist David Kotok of Cumberland Advisors projects.
Matthew Brown AP

Originally published on Mon February 9, 2015 8:48 am

Continued job growth has boosted prospects for the U.S. economy, but it continues to face some tricky crosswinds. The big drop in oil prices and a stronger dollar both help the economy and hurt it. Add to that the recent slowdown in global growth.

Lots of economists have suggested the big drop in oil prices is a gift to consumers that will propel the economy. David Kotok of Cumberland Advisors is one of them. He argues that cheaper oil will ultimately be a positive.

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Business
5:48 pm
Thu February 5, 2015

Planning Through Oil Booms Helps Small Producers Weather The Busts

Tracy Perryman is production manager for his family's small oil company in Luling, Texas. B.J.P. Inc. owns 116 wells that, combined, produce about 100 barrels a day.
John Burnett NPR

Originally published on Fri February 6, 2015 10:55 am

Hard times have hit the oil fields. A barrel of West Texas Intermediate crude has dropped from a high of over $100 to less than $50. But Tracy Perryman, a small oilman in Luling, Texas, has learned how to survive the lean times.

Oil companies that take on a lot of debt sometimes don't survive the downturns. But veterans of oil busts have learned how to plan for the inevitable price plunges.

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US News
6:28 pm
Tue February 3, 2015

Looking For Even Cheaper Gas? Go Generic At An Indie Station

Traffic moves along Route 21 in downtown Newark, N.J., where a gas station lists the price for regular unleaded gasoline at $1.72.
Julio Cortez AP

Originally published on Tue February 10, 2015 2:44 pm

By now, the surprise of cheap gas has probably worn off.

But drivers on the hunt for the very best prices have noticed a new trend: Small, independent gas stations are often the first to cut prices when the price of crude oil falls. This has a lot to do with how gas is bought, sold and moved from pipeline to pump.

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Business
3:59 am
Tue February 3, 2015

With Oil Prices So Low, What's That Fuel Surcharge For, Exactly?

The price of jet fuel has dropped, but airlines are still adding fuel surcharges to the price of many tickets. Many other industries that use large amounts of fuel, like shipping and delivery services, have also maintained extra fuel fees.
Nam Y. Huh AP

Originally published on Tue February 3, 2015 12:27 pm

When oil prices shot up a few years ago, many transportation and delivery businesses started adding fuel surcharges to their prices.

Now, fuel prices are plunging, but lots of those surcharges still linger, and consumer advocates are crying foul.

The drop in the cost of oil is a huge factor in the airline industry, where 30 percent of all expenses are for fuel. But airlines, along with other industries with large fuel expenses, have been slow to respond with lower prices.

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Economy
7:41 am
Sat January 17, 2015

Falling Oil Prices: Good For Drivers, Bad For Banks

Originally published on Sat January 17, 2015 11:57 am

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

Transcript

SCOTT SIMON, HOST:

This is WEEKEND EDITION from NPR News. I'm Scott Simon.

JOSEPH JEAN-BAPTISTE: I'm Joseph Jean-Baptiste from Miami, Florida. Gas prices have been beautiful. I've been putting Supreme - 93 - because prices are so low.

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This Week in Oklahoma Politics
8:50 am
Fri January 9, 2015

The New Legislative Session is Coming

KOSU's Michael Cross talks with Republican Political Consultant Neva Hill and ACLU Oklahoma Executive Director Ryan Kiesel about the "Hoodie Bill" and conservatives asking AG Scott Pruitt to stop the lawsuit over Colorado marijuana laws.

They also discuss lawmakers getting ready for the new session, gas prices impacting the state budget, and Oklahoma's first execution since April 2014.

StateImpact Oklahoma
10:34 am
Thu January 8, 2015

Oil-field Workers and Economists in Oklahoma Hope Crashing Crude Prices are a Blip, Not a Bust

Chad Igo owns Pecan Creek Catering in New Cordell, Okla., which delievers food to workers in the oil patch.
Joe Wertz / StateImpact Oklahoma

The sign on the front door says “closed,” but Pecan Creek Catering in New Cordell, Okla., is open for business. Out back, a tractor-trailer is being unloaded. Giant cans of green beans, tomatoes and mushrooms are hauled inside, where they’re sorted and stacked on metal shelves.

In the kitchen, Jennifer Etris pours a carton of buttermilk into a giant bowl and stirs.

“I cheat,” she says. “I use two of these ranch dressing mixes instead of one. It is known all over the world, my ranch dressing.”

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The Two-Way
4:21 pm
Sat December 20, 2014

Many States Now Have $2 Gasoline, Analyst Says

On Cue in Oklahoma City, was reportedly the first station to lower regular unleaded below $2 a gallon. Now, 24 states have $1.99 gasoline.
Sue Ogrocki AP

Remember when we told you earlier this month that a gas station in Oklahoma City had lowered its price for regular unleaded to $1.99 a gallon?

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Here & Now
11:15 am
Wed December 10, 2014

Beyond The Pump: What Falling Oil Prices Mean For U.S. Producers

International Air Transport Association (IATA) Chief Economist Brian Pearce speaks at the IATA global media day on December 10, 2014 in Geneva. Global airline association IATA on December 10 raised the sector's profit forecast to a record $19.9 billion for 2014 and $25 billion for 2015, as plunging oil prices drive down costs. (Fabrice Coffrini/AFP/Getty Images)

Originally published on Wed December 10, 2014 3:19 pm

Oil prices have plunged more than 40 percent since July, to a five-year low, and they continue to fall. As of Wednesday morning, crude was trading below $62 a barrel.

That’s good news for drivers, but beyond low gas prices, what does it mean for U.S. oil producers, and the economy?

Here & Now’s Jeremy Hobson talks to Juli Niemann, a financial analyst with Smith Moore and Company.

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