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(The Center Square) – A record-setting rate hike request by an Illinois gas utility is being challenged by consumer advocacy groups. Nicor Gas has filed a $309 million rate hike proposal with ...
U.S. gasoline prices rose earlier this month but are falling again after West Coast refinery outages subsided and seasonal demand fell. President Joe Biden plans to sell the last portion of a ...
Commercial crude oil stock pile. The Strategic Petroleum Reserve (SPR) is an emergency stockpile of petroleum maintained by the United States Department of Energy (DOE). It is the largest publicly known emergency supply in the world; its underground tanks in Louisiana and Texas have capacity for 714 million barrels (113,500,000 m 3). [1]
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Natural gas prices in Europe reached their highest point in September 2022 at a multiple of roughly 25 compared to two years prior. While gas prices are currently falling quickly on the spot market, the cost to distribute gas in the coming year will still be close to €150 per MWh, or a multiple of about seven. [93] [95] [96]
The 1973 and 1979 energy crisis had caused petroleum prices to peak in 1980 at over US$35 per barrel (US$129 in today's dollars). Following these events slowing industrial economies and stabilization of supply and demand caused prices to begin falling in the 1980s. [ 26 ]
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Natural gas (mostly methane) is an even more potent greenhouse gas when it escapes into the atmosphere prior to being burned. Since the industrial age began circa 1750–1850 with growing wood and coal use, the atmospheric concentration of carbon dioxide and methane have increased about 50% and 150%, respectively, above their relatively stable ...