In the wake of the U.S. and Israel’s attacks on Iran, the price of crude oil has skyrocketed, and that’s leading to a spike in gas prices. According to Gasbuddy.com, gas prices are about a dime higher than yesterday as the statewide average is at $2.65. Gasbuddy petroleum analyst Patrick DeHaan does not expect the prices will continue to skyrocket.
Louisiana Mid-Continent Oil and Gas Association President Tommy Faucheux says this is why America needs to continue to rely less on international oil and gas supplies.
Tanker traffic in the Strait of Hormuz, which is located at the southern end of the Persian Gulf, has been significantly disrupted. Twenty-percent of the world’s oil supply passes through that strait.
We’re learning some findings from a task force on energy created last year by Senate President Cameron Henry. It comes amid a string of data centers, including Meta and Amazon, coming to Louisiana. Henry says while those data centers certainly create jobs and economic impact, they can also drain resources.
Cut 3 (11) “…businesses as well.”
Henry says the task force found that utility companies pass the costs of upgrading their systems onto their customers while getting a ten-percent return on their investment from that money.
A New Orleans Democrat files a bill that would allow for the sale of recreational marijuana. Weed is legal in 24 states, and Representative Candace Newell believes Louisiana should join that growing list.