gas prices | KERA News

gas prices

Courtney Collins / KERA News

Five stories that have North Texas talking: Ken Paxton calls out price gougers; Plano-based Rent-A-Center destroys people’s credit; the story of a veteran sailor who died at White Rock; and more.

Courtesy of Kevin Pickard

Cars are lined up at some gas stations across North Texas — and fuel prices in the state and across the country have jumped by at least 10 cents since Harvey pounded Houston and the Gulf coast.

Happy times are here again at the gas pump. The price of oil keeps falling, and Americans are filling their tanks for less than $2 a gallon. The government says cheaper gasoline put an extra $100 billion into drivers' wallets last year alone.

That seems like it would be good for the economy. Turns out, it might not be.

"Is it possible that lower oil prices could actually hurt the U.S. economy?" asks Vipin Arora, an economist with the U.S. Energy Information Administration. "I think the answer could be yes."

From Texas Standard:

Gas prices are at the lowest they’ve been on average in about seven years, according to AAA. Today crude oil prices are near 2003 lows – under $27 a barrel – and lower gas prices will follow.

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Retail gasoline prices across Texas and nationwide have jumped 8 cents per gallon this week.

You might have noticed gas prices inching up, but crude oil prices are still waaaay lower than they were a year ago – so what’s behind the jump in gasoline?  Usually, higher prices at the pump are linked to the higher cost of crude oil. But at this time of year, people blame refineries.  

"What we’re seeing is that strong relationship between gas and oil fade," says Patrick Dehane, an oil analyst with Gasbuddy.com. "It is… I wouldn’t say a nasty breakup. But the two are becoming more distant because of refining.” 

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Texas has diversified its economy since the last oil bust, but with prices now down nearly two-thirds from the all-time high, there could be a big financial impact in America’s biggest oil-producing state. The fallout is expected to be felt from the oil patch dinner table to the state capitol.

Bill Zeeble

Falling gasoline prices have not affected bus service operations in Dallas and Fort Worth. The T and DART buses use compressed natural gas (CNG). But low prices have been bad news for light rail service in the past. Not so this time around.

Morgan Lyons, vice president of communications for Dallas Area Rapid Transit, explains.

Texas Judge Halts Part Of Voter Purge Effort

Sep 20, 2012

A state district judge in Austin has blocked part of Texas' efforts to purge dead voters from registration rolls.

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An appeals court has stayed an injunction that had blocked enforcement of parts of Texas' new voter registration laws.

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Seventy-five percent of Dallas public schools have failed the federal No Child Left Behind annual progress test.

Staff Sgt. Desiree N. Palacios / U.S. Air Force

The eight Texas National Guard C-130 cargo planes will stay in Fort Worth at least until fiscal year 2014. The Senate Appropriations Committee voted to keep the planes at the Fort Worth Naval Air Station for the time being.

The Dallas County Medical Examiner has ruled 31 year old James Harper died of gunshot wounds. He has also classified the police shooting of Harper a homicide – meaning the death was the result of a willful act by someone other than the victim.

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The Texas comptroller's office says it now expects the state to collect at least $5 billion in unanticipated revenue during the present two-year budget cycle.

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The health and human services commissioner has cut his estimate of what the federal health care law would cost Texas by 42 percent.

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A travel association survey finds retail gasoline prices have tumbled 7 cents across Texas this week. AAA Texas on Thursday reported the average price at the pump fell to $3.61 per gallon.

Gas prices nationally also down 6 cents, reaching $3.74 per gallon. AAA Texas says crude oil prices have declined in the last week.

The group's weekly survey finds the most expensive gasoline statewide is in El Paso, at $3.73 per gallon. Amarillo has the cheapest gasoline, selling for an average $3.46 per gallon.

AP

Upscale Dallas mall adopts teen curfew

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Texas is asking a federal panel weighing its photo ID requirement for voters to allow it to challenge the constitutionality of a key provision of the Voting Rights Act.

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Parts of Texas have grown drier as a lack of substantial rains and windy conditions have led to less moisture in the soil. The U.S. Drought Monitor map released Thursday indicates more of West Texas slipped back into the worst drought stage the past week.

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Dallas-Fort Worth is the first major metropolitan area in Texas to apparently emerge from the state's historic drought.

Testimony has finished in a trial determining whether new political district lines drawn by the Texas Legislature violated the federal Voting Rights Act. Attention will now quickly shift to San Antonio where another federal court is charged with drawing interim maps.

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A Johnson & Johnson subsidiary says a lawsuit that Texas filed against the health care giant has been settled for $158 million.

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Delta and Fort Worth-based TPG Capital are reportedly making separate bids for American Airlines' parent AMR Corporation.

Gasoline prices are on the rise again. AAA-Texas says the average statewide price is six cents higher than last week. KERA’s BJ Austin says some energy analysts predict four-dollar-a-gallon gas by spring.

American Airlines' parent company, now in bankruptcy protection, says its stock will be dropped from the New York Stock Exchange.

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Retail gasoline prices across Texas have jumped 4 cents this week as motorists continue traveling during the holidays, some to New Year's gatherings.

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Texas environmentalists are cheering new federal environmental standards that will force coal- and oil-fired power plants to reduce mercury emissions and toxic pollutants or shut down. Industry leaders, however, say they could lead to layoffs and undo strain on the state's power grid.

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Dallas, TX – A federal court has issued new Texas political maps for the 2012 election.

Every 10 years lawmakers redraw districts to reflect changes in the U.S. census, but minority groups have mounted a legal challenge to the redistricting maps drawn by the Legislature. So a federal court had to draft temporary maps for 2012.