Search results
Results From The WOW.Com Content Network
Fehrenbach, T. R. (2000). Lone Star: A History of Texas and the Texans. An enduring theme during and after the oil boom has been a reluctance among Texans to relinquish their identity and a stubbornness in maintaining their cultural heritage in the face of drastic changes to the state brought by the sudden wealth. Despite its growth and industrialization, Texas culture in the mid-20th century ...
To cover debt incurred due to high natural gas prices, utilities outside Texas have had to raise prices. Oklahoma Natural Gas is charging customers up to $7.80 per month for the next 25 years to securitize its costs of $1.4 billion during the crisis. [138] The natural gas industry reaped a windfall profit of $11 billion during the crisis. [22]
The 1970s energy crisis occurred when the Western world, particularly the United States, Canada, Western Europe, Australia, and New Zealand, faced substantial petroleum shortages as well as elevated prices. The two worst crises of this period were the 1973 oil crisis and the 1979 energy crisis, when, respectively, the Yom Kippur War and the ...
The state's average gas price dropped 4.2% last week. Currently, gas prices are 76 cents away from the annual low of $2.73 in Texas.
1980s oil glut. The 1980s oil glut was a significant surplus of crude oil caused by falling demand following the 1970s energy crisis. The world price of oil had peaked in 1980 at over US$35 per barrel (equivalent to $129 per barrel in 2023 dollars, when adjusted for inflation); it fell in 1986 from $27 to below $10 ($75 to $28 in 2023 dollars ...
Spot prices at the Waha hub - where prices for gas in the Permian basin are set - fell to a record low of minus $4.28 per million British thermal units last week. Construction of new oil and gas ...
Highest Gas Prices in the US. Gas prices have reached their all-time high in recent history. Last year the average peaked on June 14, 2022, at $5.02 per gallon. Luckily, although they still remain ...
State Taxes. The United States federal excise tax on gasoline is 18.4 cents per gallon and 24.4 cents per gallon for diesel fuel. [ 1][ 2] Proceeds from the tax partly support the Highway Trust Fund. The federal tax was last raised on October 1, 1993, and is not indexed to inflation, which increased 111% from Oct. 1993 until Dec. 2023.