Research by University College London found that from 2010 to 2023, energy from windfarms resulted in electricity bills being lower by about 14.2bn than they would have been if gas had been needed to generate the same amount of power. However, the reduction in the cost of gas that could be attributed to wind generation owing to the cut in demand and not needing to build new infrastructure was much greater, at about 133.3bn.
In a bid to stabilize struggling crude-oil refineries, state lawmakers on Saturday passed a last-minute bill that would allow the construction of 2,000 new oil wells annually in the San Joaquin Valley while further restricting drilling along California's iconic coastline. The measure, Senate Bill 237, was part of a deal on climate and environmental issues brokered behind closed doors by Gov. Gavin Newsom, state Senate President Pro Tem Mike McGuire (D-Healdsburg) and Assembly Speaker Robert Rivas (D-Hollister).
And so, we have groceries are down, energy is way down. Energy is way down. It was $4 and $5 for a gallon of gas. Think of that for gasoline, and now it's probably $2.25. There are some places it's $2. It's even it broke $2 in a couple of locations in the South. In places like California where they charge such high taxes it's higher, but it's still much lower than what it was a year ago.
Gasoline prices could fall more during mid-summer. 'This is a win for consumers. And if the stars align later this summer, we could even see the national average drop below $3 a gallon,' said Patrick DeHaan, GasBuddy's head of petroleum analysis.
