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Energy Information Administration
Latest Energy Information Administration Items
Gasoline is now over $4 per gallon in four states and Washington, D.C., as a three-month surge in pump prices continues.
The price of natural gas dropped to the lowest level in a decade Wednesday as a mild winter comes to a close with a huge surplus of the fuel on hand.
Gasoline is in plentiful supply. Demand is falling. So why are prices at the pump going through the roof — up nearly 30 cents a gallon in the past month alone?
As Americans struggle with climbing costs at the gas pump, the natural gas industry faces a crisis of its own: prices are too low.
Oil prices fell Thursday after the U.S. government reported that the nation's crude stockpiles grew unexpectedly last week.
Reliance on politically unstable countries for energy imports puts America at the mercy of the pendulumlike swings in the commodities market. Gas and oil prices shoot upward practically every time a disruptive event elsewhere in the world (civil unrest, tropical storms, etc.) causes investors to fear that those imports may be curtailed. It's one of the reasons crude now stands at $84 per barrel.
As news continues to break about the bankruptcy of the government-backed solar- panel manufacturer Solyndra LLC, much commentary has focused on who said what inside the ad- ministration prior to the company's collapse. But the implosion of a company once touted as a symbol of the booming job creation that would accompany America's energy future brings larger lessons about our country's energy and economic needs.
Self-proclaimed environmentalists dream of a future powered by wind and solar energy. The free market, of course, knows this isn't going to happen. Every windmill and solar farm on the planet would go bankrupt if the daily truckloads of taxpayer cash ever missed a delivery. Sunny days and stiff breezes can't always be counted on, but leftists want to appear "hip" by embracing these retro technologies. All the while, they miss out an an alternative energy source that actually makes sense: garbage.
Earlier this month, the Senate voted 73-27 on legislation that would terminate some of the federal subsidies granted to the domestic ethanol industry. Ethanol lobbyists and trade associations immediately went into overdrive to protect their taxpayer largesse.