Oil and Gas Industry

Sarah Stogner says she took the money from a rich friend because she thinks she has a chance of winning the Republican nomination. She initially ran just to make a statement.

Utility companies and key oil and gas transportation hubs are on high alert as Russian hackers have been probing energy infrastructure’s digital networks for weak points.

The decision comes as prices have spiked since the U.S. and allies have imposed steep sanctions on Russia over its invasion of Ukraine.

Soaring gasoline prices have fueled increased demand for electric cars, hybrids and smaller gasoline-powered vehicles. But shoppers may not find much to choose from.

The Biden administration is encouraging U.S. oil companies to increase their production to help curb record-high gasoline prices. Turns out, however, that boosting output is easier said than done.

Gasoline prices hit record highs last week, so politicians in both parties proposed suspending state and federal gas taxes. But some warn such tax "holidays" may cut funding for needed road repairs.

A Texas model law was written by the head of a group that opposes climate action and takes money from fossil fuel interests. It could shift billions away from major investment firms.

As of Wednesday, the average cost of a gallon of regular fuel is now $4.305, according to AAA. Both ride-share companies say they're adding surcharges to deal with the spike in gas prices in the U.S.

The prospect that the U.S. and its allies could impose new sanctions on Russian oil pushed energy prices sharply higher. The average price of gasoline in the U.S. hit $4.06 per gallon.

Incumbent Railroad Commissioner Wayne Christian was accused of corruption and carrying water for industry in the GOP primary for Texas' top oil and gas regulator. He faces Sarah Stogner in a runoff May 24.