Sep 1, 2017

Gas prices surge ahead of Labor Day weekend

Gas prices have surged across the country in the wake of Hurricane Harvey after many of the nation's largest refineries shut down during the storm. On average, the price for one gallon of regular unleaded increased 15 cents a gallon since Aug. 24th, the day before Harvey made landfall in South Texas. South Carolina saw the single largest increase from $2.07 to $2.39 a gallon—an increase of 32 cents.

Check the chart below to see the change in price for one gallon of gas between August 24th and September 1st:

Data: American Automobile Association; Graphic: Chris Canipe / Axios

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The decade that blew up energy predictions

Illustration: Andrew Witherspoon / Axios

America’s energy sources, like booming oil and crumbling coal, have defied projections and historical precedents over the last decade.

Why it matters: It shows how change can happen rapidly and unexpectedly, even in an industry known to move gradually and predictably. With a new decade upon us, let’s look back at the last one’s biggest, most surprising energy changes.

Go deeperArrowDec 23, 2019

Largest U.S. natural gas producer plans $1.8 billion write-down in Q4

EQT Corp., the largest U.S. natural gas producer, plans to take a fourth-quarter write-down of up to $1.8 billion.

Why it matters: EQT, which has major Appalachian operations, is the latest company to write down the value of U.S. assets amid a glut of supply and very low prices.

Go deeperArrowJan 14, 2020

U.S. greenhouse gas emissions fell by estimated 2.1% in 2019

Power lines in California in 2019. Photo: Jane Tyska/MediaNews Group/The Mercury News via Getty Images

U.S. greenhouse gas emissions fell by 2.1% in 2019 due to a decrease in national coal consumption, according to estimates from the Rhodium Group released Tuesday.

Why it matters: Power generated from coal plants fell by a record 18%, and overall emissions from the power section declined by almost 10% — despite an increase in emissions from natural gas.

Go deeperArrowJan 7, 2020