May 19, 2024
Finance

Why Texas has too much natural gas

A natural gas (NG=F) glut in the US has sent prices for the commodity tumbling to multi-decade lows, down 43% over the past year. At West Texas’s key trading spot, the Waha Hub, prices have been negative for the majority of March and into April, according to government data released this week. That means producers

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Finance

Gas tops $3.50 per gallon as oil prices rise

Gasoline prices increased this week to hover above last year’s average amid rising oil prices, falling inventories, and a more expensive summer blend of gas. The national gas average on Friday sat at $3.53 per gallon, nearly $0.10 higher than a year ago, according to AAA data. “Gas prices are a lot like seasonal temperatures.

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