4:30 LRN Newscast March 10

Top story: the price you pay at the pump for gas. The statewide average cost of regular is now at $4.13 and climbing as crude oil rises further above $100-a-barrel. Tulane Energy Institute director Pierre Conner says every ten dollar increase in crude translates into 25-cents in the pump price. He says crude is likely to start falling soon, but if demand remains high, retails prices will keep going up…:

CUT 07(12)      “…to 9 months.”

On another hand, the high oil & gas prices means increased money for Louisiana, by way of severance taxes and royalties. State Treasurer John Schroder says that’s good, because higher gas prices for consumers will mean declining sales tax revenues, as household tighten their belts…:

CUT 13(09)      “…in others.”

 

Former LSU basketballer and Ukraine native Roman Rubchenko (roob-CHENK-oh) gives an update on conditions in his country amid the Russian invasion. Brooke Thorington has more…:

CUT 01(35)      “…Brooke Thorington.”

Economic development in Jeff Davis Parish. The Governor’s Office says Washington-based Greenberry Industrial will convert a shipyard plant near Jennings to make heavy industrial modules for a number of industries. The plant should employ around 100 people by summer, and create about 150 indirect jobs.