Gasoline prices keep falling, with the national average settling at $2.55 today, down four cents from yesterday. Yesterday, I visited my local gas station and pre-paid my gas guy (he's there every time I pay for gas) $25. My tank would only take $23.50, so I just decided to just tip the gas guy. It's probably the first time he's received tips in the last 16 months. Yes, it took an economic crisis for gas to get this low. It took people exchanging their Hummers for hybrids. It took moms combining shopping errands into one trip instead of going out three times a day. It took daddies deciding to carpool with coworkers. But gas is once again low. But how long will these lifestyle changes last? As long as it's still somewhat taboo to drive a gas-guzzler, or until the next hip gas-guzzler is introduced? Or are these low gas prices brought to you in part by the fact that the election is five days away? That's another blog altogether...
Recommended Reading
Utica Oil Riches’ Biggest Challenge: Moving the Crude
2024-10-28 - Leslie Armentrout, the president and co-founder of Silver Cross Energy Partners discusses the opportunities of the Central Basin Platform and Utica—and the challenges.
Back to the Future: US Shale is Growing Up
2025-01-07 - The Patch’s maturity will be tested in 2025 amid ongoing consolidation and geopolitical dissonance.
Shale Outlook Appalachia: Natural Gas Poised to Pay
2025-01-09 - Increasing gas demand is expected to rally prices and boost midstream planning as a new Trump administration pledges to loosen permitting—setting the stage for M&A in the Appalachian Basin.
More Uinta, Green River Gas Needed as Western US Demand Grows
2025-01-14 - Natural gas demand in the western U.S. market is rising, risking supply shortages later this decade. Experts say gas from the Uinta and Green River basins will make up some of the shortfall.
DT Midstream Moves on Network Expansion, See Gas Demand Up in ‘25
2024-10-30 - DT Midstream expects an increase in natural gas demand in the Haynesville Shale in 2025, despite a third-quarter earnings miss.