 Energy & Environment |
Energy & Environment |
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Gas prices on the decline ahead of the holidays |
Gasoline prices are falling. Experts say supply and demand factors are at play. |
© Illustration / Courtney Jones; Adobe Stock |
Gasoline prices on Tuesday averaged $3.14 nationally, down nine cents from a week ago and 23 cents from a month ago. Andy Lipow, president of consulting firm Lipow Oil Associates, said the decline "showed that OPEC+ is struggling to balance oil supply and demand in light of the surprising increase in supply from the U.S., Brazil and Guyana, as well as disappointing demand from China," Lipow said. Those declines have meant "good news for the consumer" at the pump, Lipow said, and prices may drop a few cents more over the week. Domestically, the gas price decline is part of a cycle that has been typical in past years but recently had been absent in the winter months, said Devin Gladden, an AAA spokesperson. "During the fall and winter, we see days become a lot shorter, inclement weather increasing, drivers spending less time on the road," a trend that typically drives oil demand down through the end of the year, he said. Read more in a full report at TheHill.com. |
Welcome to The Hill's Energy & Environment newsletter, we're Rachel Frazin and Zack Budryk — keeping you up to speed on the policies impacting everything from oil and gas to new supply chains. |
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How policy will affect the energy and environment sectors now and in the future: |
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A new assessment has found that 25 percent of freshwater fish are at risk for extinction due to climate change and pollution. |
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| Nearly half of the 5 million veterans that have been screened by the Department of Veterans Affairs (VA) under a new law have reported at least one possible exposure to toxic substances during their military service. |
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The global climate summit has stretched into overtime as negotiators have yet to reach an agreement on its outcome. Fossil fuels — the main driver of climate change — have been a particularly thorny issue at the summit, as some push for an agreement calling for a "phase out" or eventual end to fossil fuel use, while others say that's going too far. |
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Eighteen Californian children have filed a lawsuit alleging the Environmental Protection Agency (EPA) failed to protect them from the impacts of greenhouse gas emissions and the resulting climate change. |
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Branch out with a different read on The Hill: |
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The House on Monday passed legislation that would bar imports of Russian uranium for nuclear power plants.
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News we've flagged from other outlets touching on energy issues, the environment and other topics: |
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An EPA rule dramatically reduced smog pollution — in states that haven't sued to stop it (Grist)
The severe El Niño in South America is a preview of a climate-changed world (Vox) Democrats weaponize nuclear power against House GOP (Politico)
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Two key stories on The Hill right now: |
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Senate Democrats are calling on conservative Supreme Court Justice Clarence Thomas to recuse himself from ruling on former President Trump's claim that he is immune from prosecution for alleged crimes he committed while in office. Read more |
| Former Rep. Liz Cheney (R-Wyo.) and late-night talk show host Stephen Colbert debated Monday night whether former President Trump was an "aberration" in the Republican Party. Read more |
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You're all caught up. See you tomorrow! |
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