Connect with us

Wyoming

Wyoming gas prices continue to break records

Published

on

Wyoming gas prices continue to break records


In Wyoming, most of us gasoline our vehicles with gasoline, warmth our houses utilizing pure fuel and depend on electrical energy generated from coal. And we rely on state providers paid for, largely, by taxes imposed on the businesses extracting that oil, fuel and coal — industries whose contributions to state coffers have additionally saved our particular person taxes low.

The financial significance of vitality means worth swings usually hit Wyoming particularly onerous. Cash drained from the state’s pockets as oil markets crashed within the early months of the pandemic, then poured again in as markets recovered.

Oil costs have been climbing because the begin of 2021. Within the months since Russia went to struggle with Ukraine, these costs skyrocketed, then eased. They’ve continued to surge as tensions mount and settle as they subside, rising to extra muted highs, however by no means sinking to ranges as little as earlier than.

Advertisement

Gasoline went up together with oil, although it hasn’t been as risky. For various causes, pure fuel has adopted, giving a lift to its competitor, coal.

Right here’s how vitality costs modified previously week.

Oil

As a result of oil is traded globally, market disruptions hardly ever keep the place they begin. As a substitute, localized shifts ripple from one market to the subsequent, pushing the world’s costs up or down together with their very own.

The value of U.S. oil benchmark West Texas Intermediate (WTI) climbed over the previous week after the EU agreed to ban most Russian oil imports by the top of the yr. The transfer is predicted to extend demand — and certain worth — for the availability of non-Russian oil.

WTI closed at $116.87 per barrel on Thursday, up from $114.09 per barrel every week earlier and $105.17 on Could 2. Its closing worth has stayed effectively under the eight-year excessive of $123.70 per barrel set on March 8.

Advertisement

Wyoming’s drilling rig rely, an indicator of business exercise, rose to 18 — nonetheless about half the pre-pandemic rig rely — after hovering between 15 and 16 for the final six months, in accordance with Baker Hughes. The state’s oil corporations say the excessive oil costs are incentive sufficient to drill, however different obstacles, together with provide chain points, have slowed them down.






Advertisement

Wyoming’s rig rely rose to 18 after remaining between 15 and 16 for the final six months. Source: Baker Hughes.




Gasoline

Oil costs are the first driver of gasoline costs. That’s why the rising price of oil was rapidly mirrored on the pump, and why gasoline has remained so dear.

The nationwide common worth of standard gasoline hit a brand new excessive of $4.76 per gallon on Friday, up from $4.60 on Could 27 and $4.59 one week earlier, in accordance with AAA.

Advertisement

In Wyoming, gasoline costs have additionally continued to climb. Common gasoline set one more statewide report of $4.45 per gallon on Friday. That’s up from a earlier report excessive of $4.33 throughout Wyoming on Could 27.

Gasoline costs went up 12 cents in Natrona County this previous week, averaging $4.23 per gallon on Friday.







6/5 Gas Prices

Gasoline costs continued to rise this week, setting one other statewide report. Source: AAA Fuel Costs.

Advertisement




Pure fuel

In contrast to oil, most pure fuel stays within the area the place it’s produced. Localized disruptions are inclined to have vital results on particular person markets, however take for much longer to impression others. European pure fuel costs went up together with oil costs. Whereas U.S. pure fuel costs didn’t change as a lot initially of the struggle, they’ve been on the rise since February, partly due to Russia but in addition as a result of a confluence of unrelated elements like chilly climate, lowered storage and low manufacturing.

Economists anticipate that if the struggle continues for an prolonged time period — six months, a yr — the U.S. will increase its export infrastructure and firms will ship extra pure fuel to Europe, doubtlessly additional elevating costs right here.

The estimated weekly Henry Hub spot worth averaged $8.55 per million British thermal items, one other multiyear excessive, up from $8.47 the earlier week, in accordance with the Vitality Data Administration. The every day worth dipped from $9.07 on Could 26 to $8.42 on June 1.

Advertisement

Coal

Demand for Wyoming’s coal is formed primarily by the price of different fuels — particularly pure fuel. Value determines whether or not utilities generate extra electrical energy at coal-fired or gas-fired energy vegetation.

Coal mined within the Powder River Basin turns into aggressive when pure fuel tops about $3 per million British thermal items. It’s at the moment greater than double that.

The estimated weekly spot worth of Powder River Basin coal fell 5 cents, to $15.45 per brief ton, after holding at $15.50 for the earlier two weeks, persevering with its gradual decline from the report $30.70 per brief ton reached in November, in accordance with the Vitality Data Administration.

Coal’s present spot worth remains to be above any weekly worth recorded within the decade earlier than utilities, fearful this fall of the sky-high pure fuel costs forecast by vitality analysts, scrambled to safe extra coal earlier than winter set in.





Source link

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Wyoming

What Is That Weird Boulder Dug Up On Historic Wyoming Ranch?

Published

on

What Is That Weird Boulder Dug Up On Historic Wyoming Ranch?


In a trench meant for a sewer line, a Wyoming ranch family found a massive, nearly spherical boulder that was so out of place, it left them bursting with questions.

Scott Coale and his son William, 18, were digging a trench recently on the Hogg Ranch near Meeteetse, a historic homestead that had been in Scott’s family for over 100 years.

A stubborn and unexpected obstacle blocked the ditch they were digging, interrupting their work.

They found they’d struck a huge boulder that by all appearances, shouldn’t have been there.

Advertisement

“We’d been in putting in a sewer line to a cabin,” Scott said. “There’s no rocks here at all. We were having smooth sailing, and then, all of a sudden, the backhoe struggles.”

William got out of the skid steer he was using to backfill and was surprised by what he found.

The Discovery

“I asked him how big it was because it was in the middle of our ditch to run the sewer line,” Scott said. “He tells me that it is as big as the side-by-side. At first, we’re just kind of joking, but then I realize I don’t know if I can get it out.”

Scott called a friend with a backhoe and they tackled the boulder.

“I had some daylight left and got on the side of it and started digging,” he said. “Next thing I know, I got it out the hole with the backhoe. It was this big old round rock. It just amazed us that it was so perfectly round.”

Advertisement

They set the rock to the side and resumed their chores, although distracted as they tried to figure out what they had found. The boulder is about 4 feet tall and 4 feet wide.

“It’s just weird,” Scott said. “The geology of Wyoming is a great thing. You never know what you’re going to find.”

The family was especially surprised to find the giant boulder because the area it was unearthed in is devoid of rocks.

“I’ve never personally seen anything like that,” William said. “We were just digging and then bam, there is this big old boulder in the ground that’s not normally shaped.”

What On Earth Had They Found?

Unsure of what they had unearthed, Scott’s wife Diane posted the find on the Facebook page Wyoming Rockhounder. She asked if they should try to open it and see what was inside.

Advertisement

There was much debate, but the consensus from other rock enthusiasts was that it’s a sandstone concretion.

“I thought it was interesting that people commented about maybe it was a geode or what might be in it,” Diane said. “So, we did a little bit of research and the geodes are found in limestone rather than sandstone.

“The likelihood of us cutting it up and finding a geode is probably pretty minimal, so we kind of want to leave it the way it is.”

That is a good idea, said geologist and owner of Ava’s Silver and Rock Shop in Thermopolis.

Ava Cole has more than 50 years of experience in the field and is familiar with this type of rock.

Advertisement

“There’s quite a few places around Wyoming that have them,” Cole said. “Sometimes there are iron stains in the middle of them, but they’re not worth cutting into — unless you want to sharpen your blade.”

Just A Rock

Concretions are commonly misunderstood geologic structures, according to the Paleontological Research Institution.

Often mistaken for fossil eggs, turtle shells or bones, they are not fossils. They’re rocks. This common geologic phenomenon occurs in almost all types of sedimentary rock, including sandstones, shales, siltstones and limestones.

There may be fossils surrounding the concretions if it’s in shale but not inside the rock itself.

“The concretions that you find in the shale may have fossils in the shale or crystals,” Cole said. “The concretions themselves are just sandstone. There are no fossils in them. The fossils are not in the sandstone layers, they’re in the shale layers.”

Advertisement

These concretions form inside sediments before they harden into rocks in continuous layers around a nucleus such as a shell or pebble.

Rates of this formation vary, but can sometimes be relatively rapid over as short a period as months to years, the Paleontological Research Institution reports.

“There’s a void in the ground,” Cole said. “It’s like a magnetism to them that attracts different minerals until the sand forms tightly around them. There’s some kind of quartz in it, too. It’s microscopic, but they’re not hollow or anything like that. Not like a geode.”

  • An other-worldly-looking boulder was unearthed in an area known as Death Valley on the Hogg Ranch near Meeteetse, Wyoming. (Courtesy Diane Cole)
  • An other-worldly-looking boulder was unearthed in an area known as Death Valley on the Hogg Ranch near Meeteetse, Wyoming.
    An other-worldly-looking boulder was unearthed in an area known as Death Valley on the Hogg Ranch near Meeteetse, Wyoming. (Courtesy Diane Cole)
  • An other-worldly-looking boulder was unearthed in an area known as Death Valley on the Hogg Ranch near Meeteetse, Wyoming.
    An other-worldly-looking boulder was unearthed in an area known as Death Valley on the Hogg Ranch near Meeteetse, Wyoming. (Courtesy Diane Cole)

What Do You Do With It?

“I’ve collected them before and sold them, but don’t get much money out of them,” Cole said. “Even if the family wanted to, they probably couldn’t get anybody to cut it because it is a pretty good-sized rock and you’d have to have a big diamond saw to cut it.

“Anything that big [when] you cut it open, it would be futile because what’s on the outside is mostly on the inside.”

Her suggestion is to let it just sit around in the yard – since it’s always nice to have a round circle rock hanging around.

Advertisement

That is exactly what the Coales plan to do.

“It’s going to be a yard ornament,” Scott said. “I want to be able to showcase it in our front yard. I think it’s cool.” 

Collecting Your Own Yard Ornament

These concretions are found throughout the Cowboy State and can be collected even on BLM land.

“A lot of people pick them up,” Cole said. “Between Worland and Ten Sleep, on Rattlesnake Ridge, there’s a whole bunch of them, all different sizes and shapes since they’re not always round. They can be like a peanut or anything like that.”

The Coale family are already avid rockhounds. They have interesting formations on their property that they explore and one area on the historic ranch is dubbed Death Valley because, according to William, it looks like the badlands.

Advertisement

That was why they were even more surprised to find this rock in an area where they normally would not be looking. 

“I’m the rock person in the family,” Diane said. “We’d always go find petrified wood and stuff ever since I was a kid but I’m pretty excited about this rock.”

This plain, nearly perfectly round boulder has been added to their family collection as the centerpiece.

 

Jackie Dorothy can be reached at jackie@cowboystatedaily.com.

Advertisement



Source link

Continue Reading

Wyoming

UND commits 29 turnovers in falling 73-41 at Wyoming

Published

on

UND commits 29 turnovers in falling 73-41 at Wyoming


LARAMIE, Wyo. — The UND women’s basketball team went into Christmas break by committing a season-high 29 turnovers in a 73-41 loss at Wyoming on Saturday afternoon.

The Fighting Hawks, who were outscored 17-3 in the fourth quarter, dropped to 5-8 overall with two Division I wins.

UND ranks last in the Summit League in turnovers at 17.7 per game. The team is also last in the Summit in assists with 314.

Wyoming, which improved to 6-6, also beat South Dakota by 34 earlier this season.

Advertisement

UND was led by Grafton native Walker Demers, who finished with 13 points. No other Hawk ended with more than six points.

Grand Forks freshman point guard Jocelyn Schiller and sophomore Nevaeh Ferrara Horne both added six points.

Coming off a season-high 25 points against Mayville State, Kiera Pemberton was held to four points on just 2-for-3 shooting against Wyoming. She had six turnovers.

Pemberton, a sophomore from Langley, B.C., had scored in double figures in every other UND game this season.

The Hawks trailed by five after the first quarter and 13 at halftime.

Advertisement

UND cut the lead as close as 10 in the third quarter but trailed by 18 by the end of the frame.

UND was just 2-for-13 from 3-point range with Demers 0-for-4 and reserve Sydney Piekny 1-for-5.

Wyoming committed just 10 turnovers and had 17 assists. Three players finished in double figures, led by Tess Barnes with 16 points.

UND only shot four free throws — all by Demers, who was 3-for-4.

UND starts the post-Christmas schedule on the road, at Omaha on Jan. 2 and at Kansas City on Jan. 4.

Advertisement

The Hawks return home Jan. 9 against Oral Roberts and Jan. 11 against Denver.

Staff reports and local scoreboards from the Grand Forks Herald Sports desk.





Source link

Advertisement
Continue Reading

Wyoming

Wondrous Wyoming (12/21/24)

Published

on

Wondrous Wyoming (12/21/24)


CASPER, Wyo. — “Taken in Casper, Wyoming before the sun rose,” writes photographer Tashina Williams.

Do you have a photo that captures the beauty of Wyoming? Submit it by clicking here and filling out the form, and we may share it!

Advertisement



Source link

Continue Reading

Trending