Expect $4 gas through 2009, U.S. Dept. of Energy official says

By: KXII-TV Staff Email
By: KXII-TV Staff Email

WASHINGTON -- The U.S. Department of Energy announced Wednesday morning gas prices are expected to stay around $4 a gallon through next year-- at least. Guy Caruso, head of the department's energy information administration, told a House hearing in Washington that crude oil prices are likely to average $126 a barrel next year, $4 higher than this year.

Caruso said gasoline prices are expected to peak at $4.15 a gallon in August, but he projects gasoline averaging $3.92 a gallon through 2009.

Lawmakers signed a petition Wednesday to bring legislation to the floor that would help Americans with those gas prices.

It’s called the "No More Excuses Energy Act" introduced by Representative Mac Thornberry of Texas. Representative Ralph Hall is a co-sponsor of the bill.

The petition encourages new refinery construction and the use of shale oil or tar sands. It also boosts alternative energy development like wind energy that we are already seeing in parts of Texoma.

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  • by J Location: DEN on Jun 16, 2008 at 01:48 PM
    So if the Democrats take over, then gas prices will drop and taxes will go away? Oh yeah...right!
  • by Sid Location: Ardmore on Jun 16, 2008 at 11:04 AM
    The USA exports wheat to all the oil producing countries in the world. In the 1950's wheat sold for about $1 per bushel and oil was about $1.50 a barrel. If we stopped sending our wheat to them and just swapped it for a barrel of oil the problem would be solved.I agree they can't eat the oil. Why should we give our wheat and buy their oil?
  • by republican on Jun 15, 2008 at 12:03 PM
    we got away with screwing you people for this long we aint about to stop now..and there aint a darn thing you can do about it hee hee
  • by Patriot Location: Oklahoma on Jun 15, 2008 at 11:01 AM
    The farmers of this great nation "Bread Basket of the World" should band together and sell grain to OPEC nations at $130.00 per bushel. They would pay it or eat their OIL!
  • by x on Jun 15, 2008 at 08:29 AM
    IT is the goverments fault . How can you say its not Truckers are the hardest hit with fuel over 5 bucks a gallon . you must be a government retiree if you think any different . Most of us did not get a raise this year but look at the price of food and fuel and no I never thought I lived above my means I dont go shopping I have paid off all my credit cards but yet again this year my taxes on my home go up AGAIN . so who can we blame ?????
  • by x on Jun 15, 2008 at 08:24 AM
    it is the governments fault how can you say its not . most of use did pretty good 6 months ago and most are not living above ones means Truck drivers are the hardest hit paying 5 bucks a gallon for fuel with no fuel surcharge takes away from the profits quick maybe your one of those retired government officals
  • by concerned Location: ardmore on Jun 14, 2008 at 02:10 PM
    can anyone tell me why the sentators just voted to give themselves a 200% pay increase and not to drop gas or even give relief to americans from the prices.... Oklahoma is the lowest paid state and cost of living is high, that is why all the stealing of diesel is going on and all the gas drive offs. People cant offord to go to work due to gas. You will see all the government going to work because they can afford it.... HELP THE CITIZENS YOU WERE HIRED TO HELP.... SENATORS!!!!!!!!!!
  • by Sam Turk Location: Cook County, TX on Jun 14, 2008 at 11:51 AM
    Bush & Company, have done nothing to reduce our dependence on oil & the idea that Bush, ab oilman, would be the & the idea that Bush, an oilman, would be the President to lower gas prices was and remains a myth. The oil companies DO NOT want to end our addiction to oil, that is NOT in THIER best interests! Regarding your supposed newscasts we'll stop viewing, we watched it because of the weather. Maybe we should wonder about your weather too.
  • by Thumblelina Location: Anywhere on Jun 13, 2008 at 06:36 AM
    I say let's pick a day of the week to not buy gas. Like no-gas Mondays or no-gas bought on Fridays. Would that send a message?The problem is we all need to get together to form a workable plan of revolution . Like the Boston gas party or something?
  • by jack Location: ka on Jun 12, 2008 at 06:55 PM
    mom is bleeding heart liberal the real crooks are the oil companies all you have to do is look at their profits
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