When Will Gas Prices Come Down? Post-Iran Conflict Dynamics, Tight Inventories, and the Path to Pre-War Levels

Gasoline prices in the U.S. have eased from crisis peaks above $4.50 per gallon but remain stubbornly elevated. As of June 15, 2026, the national average for regular gasoline stood around $4.05 per gallon (with some reports citing ~$3.90–$3.99 recently), still more than $1 above pre-war (pre-2022) levels that were consistently under $3 per gallon. […]

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At Last, An Energy Secretary Who Tells The Truth About Energy

This article was first published on the Energy Absurdities Substack by David Blackmon. We highly recommend following and subscribing to his Substack. For years, Americans have been subjected to a steady drumbeat of energy scarcity narratives, peak oil hysteria, and politically motivated predictions that hydrocarbons were on the verge of running out. These claims have shaped […]

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Solar Claims to be the Cheapest Power In History, and States are Running from it

There is a difference between Red and Blue States The headline from a June 19, 2026, OilPrice.com article captures a striking tension in U.S. energy policy: solar is repeatedly called “the cheapest power in human history” by sources like the IEA, yet multiple states—particularly blue ones—are dialing back aggressive renewable targets amid rising costs, reliability concerns, […]

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Energy News Beat Weekly Rig Report | June 20, 2026

U.S. drilling activity remains resilient with modest gains reported in the latest industry-standard data, while Canada shows stronger momentum. Sources differ in methodology and absolute counts, highlighting the value of cross-referencing multiple providers. Here’s a comprehensive breakdown drawing from Baker Hughes (the longstanding industry benchmark), Enverus (daily GPS-based tracking), and the detailed WellDatabase report you […]

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Iran Asserts Control over Hormuz, Setting Stage for Tolls as Oil Tankers Hold Back Amid Lingering Uncertainty

Iran is tightening its grip on the Strait of Hormuz, the world’s most critical oil chokepoint, with new rules requiring ships to obtain permission and secure insurance from Tehran. This move explicitly paves the way for future tolls, even as a fragile U.S.-Iran memorandum of understanding (MOU) signed earlier this week aimed to normalize flows. […]

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Cushing, Oklahoma Oil Storage Hits Tank Bottom: Implications for Energy Markets, Consumers, and Investors

Cushing, Oklahoma — often called the “Pipeline Crossroads of the World” — is facing critically low crude oil storage levels, with inventories hovering near operational “tank bottoms.” As of the week ending June 5, 2026, Cushing held approximately 21.64 million barrels of crude oil (excluding the Strategic Petroleum Reserve), according to U.S. Energy Information Administration […]

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