The Energy Department says there is a major increase in crude oil and the US is running out of room to store it. Some say this could mean another huge drop in the price we’re paying for gas at the pump in Louisiana. David Dismukes, the director for the Center for Energy Studies at LSU, says refineries are in a transition period right now but it won’t last long…

cut 10 (10) “on prices”

Dismukes says refineries and consumers will be the main beneficiaries so it may end up not having such a major effect on the economy in Louisiana.

Get ready for a big change in the weather. State climatologist Barry Keim says high temperatures today will be in the 70s and tomorrow they’ll be back in the 30s and 40s as a result of a strong cold front….

cut 4 (12) “southern parts of the state”

This front has the potential to produce another round of winter precipitation. A Winter Storm Warning has been issued for portions of north Louisiana.

State Treasurer John Kennedy sees pros and cons to Governor Bobby Jindal’s budget proposal. The governor has proposed scaling back certain tax credits and cut spending in other areas to address a $1.6 billion revenue shortfall. Kennedy says some of the proposed reductions in spending make sense, especially in the area of consulting contracts…

cut 7 (11) “point eight million”

Kennedy says the proposed budget looks to reduce 60-percent of the deficit by repealing tax credits and 40-percent by reducing spending. Kennedy spoke about the budget on Louisiana Radio Network’s Jim Engster show.