Heatwaves Turn Gas Prices into Hot Stuff

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Lone Star Stories

Summer Heat Cooks Up Gas Prices: Relief Dependent on Weather Forecast and Oil Politics

U.S. gas prices have hit a nine-month high at an average of $3.80 per gallon due to heat-induced refinery production cuts and rising oil costs, with forecasts depending on both weather conditions and oil market dynamics. While West Coast drivers are facing the highest prices, Southern states like Mississippi, Texas, Louisiana, Alabama, Kentucky, and Tennessee are experiencing relatively lower costs with averages below $3.50 per gallon.

Heatwaves Turn Gas Prices into Hot Stuff

Extreme heat across the southern U.S. is not only reducing road trips but also disrupting refinery operations, thereby pushing gas prices higher. Despite decreased demand, prices remain high due to reduced supply and external factors like weather conditions, equipment failures in refineries, and coordinated production cuts by oil-rich nations.

Reader Question of the Day

How do oil companies manage the waste products of drilling and refining?

Oil companies manage drilling and refining waste to minimize environmental harm. Drill waste, including cuttings, muds, and produced water, requires careful disposal. Cuttings are often disposed of onsite or offsite at regulated facilities, and muds can sometimes be reconditioned and reused. Produced water is usually treated and reinjected into the ground or used in other operations.

Refining waste, such as sludges, spent catalysts, and wastewater, is treated onsite or sent to commercial facilities for proper handling. Despite the complexities and stringent regulations, companies increasingly invest in waste reduction and recycling strategies, aligning with broader environmental sustainability commitments.

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