That's 3 cents below the all-time high set May On its Web site, AAA says the information is gathered by Oil Price Information Service based on credit card swipes at 85, gasoline stations across the nation. And unfortunately all indications are showing that this number is going to grow. The Lundberg survey tallies prices at thousands of gas stations across the country.
The latest survey was conducted from May 16 until June 6. The area with the highest average gas prices was Stockton, Calif. The area with the cheapest gas was Wichita, Kan. A recent study by the Department of Transportation showed that the number of drivers on the road in March fell 4. That was the first time March travel on public roads fell in nearly 30 years. In addition to driving less, many consumers are shifting away from large, low mileage vehicles toward smaller vehicles that consume less gas.
Falling demand for gas-guzzlers has hit some of the nation's largest automakers hard. According to the U. Energy Information Administration EIA , the independent analytical arm of the Department of Energy, at the end of , there were 23, crude oil wells in operation.
That number is higher than 16, wells at the end of The peak number of oil-producing wells was in with more than 35, wells. Source: EIA report on crude oil and natural gas exploratory and development wells. The number of drilling rigs to in operation to open up a well is also higher now than it was in According to EIA, there were crude oil rigs in , compared with at the end of , the most since when online records became available.
Source: EIA report on crude oil and natural gas activity. However, the Institute for Energy Research IER , an industry-backed group, says oil production is up because of production increases on private and state lands, not because of actions by the federal government. Though the IER says federal oil production was down in from , the organization's analysis shows that federal lands produced more oil the past two years since at least Source: IER report on natural gas and oil production on federal lands.
Although and saw the highest levels of natural gas production in more than 35 years, the amount has fluctuated little over the past four decades. The mid s saw the lowest levels of natural gas production with 17, billion cubic feet per year in , but consumption was also at its lowest level, too. In the first 11 months of , the United States produced 22, billion cubic feet of natural gas, which is the first year since the U.
Source: EIA annual report on natural gas production. The Institute for Energy Research attributes the increased gas production to activity on private and state lands. The group says federal natural gas production dropped dramatically in to its lowest level since IER says , the president's first year in office and also the peak of natural gas production in recent years, was followed by a 27 percent decrease in federal production but a 28 percent increase in activity on state and private lands.
David Axelrod gave no time frame for comparison. The United States has nearly doubled its increase of renewable energy since - a time when most of renewable energy came from hydroelectric power and the U. Since , halfway through the Bush administration, the use of renewable energy increased - but not doubled - from 6.
Source: EIA annual report on renewable energy production. Please enter email address to continue. Please enter valid email address to continue.
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