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Retail gasoline prices in Texas, US slip penny this week

Retail gasoline prices in Texas

COPPELL, Texas (AP) — Retail gasoline prices across Texas and nationwide have slipped a penny this week. AAA Texas on Tuesday reported the statewide average settled at $1.79 per gallon. Drivers across the U.S. are paying an average $2 per gallon. Corpus Christi has the cheapest gasoline prices in Texas this week at an average $1.71 per gallon. Dallas has ...

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Oil export ban, spending bill passes

CARLSBAD — The 40-year old oil export ban will be lifted after President Barack Obama signs a piece of legislation passed by the U.S. House of Representatives and the U.S. Senate on Friday. Lifting the ban on crude exports comes with the passing of the 2016 “Omnibus” spending bill. It is one of many policies included in the spending bill, ...

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Massive spending and tax deal at a glance

WASHINGTON  — A divided Congress on Friday cleared a $1.1 trillion spending bill to fund the government for the 2016 budget year and extend $680 billion in tax cuts for businesses and individuals. President Barack Obama is expected to sign the legislation. Here are the highlights: TAXES —Family tax credits. Permanently extends recent changes to the $1,000 child tax-credit that ...

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US rig count stable this week, holds at 709

HOUSTON — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. this week held steady at 709. Houston’s Baker Hughes said Friday that 541 rigs were seeking oil and 168 explored for natural gas. A year ago, with oil prices more than double current prices, 1,875 rigs were active. ...

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Budget deal bill boosts oil exports, renewable energy

In this Sept. 5, 2015, photo, a pump jack pumps oil on a hill above Alexander, N.D, and the town's school. The U.S., seemingly awash in crude oil after an energy boom sent thousands of workers scurrying to the plains of Texas and North Dakota, will begin exporting oil for the first time since the 1973 oil embargo. (AP Photo/Martha Irvine)

WASHINGTON — Republicans are hailing the likely demise of a 40-year-old ban on crude oil exports, as well as spending limits imposed on the Environmental Protection Agency, a longtime GOP target. Democrats are cheering five-year extensions of tax credits for wind and solar energy producers and renewal of a land and water conservation fund that protects parks, public lands, historic ...

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PRC approves San Juan Generating Station plan

FARMINGTON — By a vote of 4-1, the state Public Regulation Commission on Wednesday approved a plan that allows the San Juan Generating Station to continue operating. The final PRC vote on the plan — a compromise that will bring the coal-fired power plant into compliance with federal haze regulations by shutting down two of its four generating units — ...

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U.S. on verge of lifting 40-year oil export ban in spending bill

40-year oil export ban

WASHINGTON – The United States appears on the brink of ending a four-decade-old ban on most exports of crude oil, an abrupt end to a years-long fight triggered by the domestic shale boom. Late on Tuesday evening congressional negotiators wrapped up a sprawling deal to keep the U.S. government operating through next September that included repealing the ban and granting ...

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Per barrel oil prices testing ‘ugly lows’

The posted price for a barrel of crude oil could be below $30 by the end of December, a Texas petroleum economist said Monday. Karr Ingham, based in Amarillo, said the posted price — the actual price producers charge versus the price set by speculators in New York — was $32 on Friday, a continuation of the downward trend Texas ...

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