Since February's winter storm gas prices have been on the rise in Louisiana. You might not believe just how much more you're paying today than you were paying only six months ago.
Oil prices plunged below zero on Monday as demand for energy collapses amid the coronavirus pandemic and traders didn’t want to get stuck owning crude oil with nowhere to store it.
Some communities in the state continue their slow recovery from lower oil prices. Meanwhile, other communities are experiencing record growth because of natural gas and the chemical industry.
Two Louisiana communities have seen an upturn in their local economy in the last half of 2015. What's it going to take for the rest of the state to join that turn around?
Global oil prices rose to a three-week high over the weekend, up as much as 25% from the 12-year lows hit last week. Additionally, there has been speculation about a deal between the major oil exporters to slash production.
I'm thankful my husband still has his job in the oilfield, but there are many families in south Louisiana who are suffering because of the drop in oil prices. I know it scares me, and it's a real fear for them.
The state of Louisiana's fiscal budget is based on the price of oil being $63 per barrel. With the current price of oil well below that value our state's leaders are going to have to make some tough choices.