oil

At first glance, it seemed like Shell Oil had set themselves up for some pretty epic trolling.

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Just a few months ago, analysts were worried gas prices would soar this summer, possibly topping $6 a gallon. But now that the warmer months are upon us, there’s been an abrupt about-face.

In fact, fuel prices are now falling so steadily that many experts predict that by this fall, a gallon of gas will be under $3.

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As gas approaches an average of $4.00 a gallon, the public isn’t happy with the way President Obama is dealing with the issue.

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While the Deepwater Horizon disaster of 2010 may have tempered enthusiasm for offshore drilling, the current rise in gas prices has turned the public back in that direction.

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If it seems like it’s costing more and more to fill up your gas tank, it’s not just your imagination.

On average, a gallon of fuel costs 22 cents more than it did at this time last year. Worse yet, experts think it’ll climb higher still.

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An Iranian Admiral boasts that it would be 'easy to close' the Strait Of Hormuz if the United States imposed sanctions that would prohibit Iran from creating a nuclear weapon. The Strait is a major passage way to get oil to the west.

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Gas prices were expected to drop to almost $3 dollars a gallon by this month, but it doesn't look like that will happen. Amarillo gas prices are among the highest in the state, and there doesn't seem to be any relief in sight at the pump.

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Just as we are on the cusp of $4 & $5 dollar a gallon gas, the EPA kills SHELL's drilling in Alaska because of air permits. The prediction is $5 Gasoline in Amarillo before the end of the summer. How will that effect our local economy and your summer?

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