National News

U.S. oil production returns to pre-pandemic levels

Pump jacks work in a field near Lovington, N.M., April 24, 2015.
AP Photo/Charlie Riedel

by Tom Gantert

(The Center Square) – U.S. production of crude oil reached the highest levels in 40 months as domestic production returned to pre-pandemic levels.

That’s according to an Aug. 31 report released by the U.S. Energy Information Administration.

The U.S. produced 12.8 million barrels per day of crude oil in June, matching production in February 2020, the month before pandemic shutdowns took place, according to the EIA

Reuters reported Monday that oil prices increased, in part due to Saudi Arabia’s voluntary cuts in oil production. Saudi Arabia has consistently reduced its oil production since August 2022.

The national average for unleaded gas was $3.81 a gallon on Labor Day, according to AAA. That’s a few cents more than the $3.79 motorists paid last year on Labor Day. The highest recorded average price was $5.02 a gallon on June 14, 2022.

Tom Gantert worked at many daily newspapers including the Ann Arbor News, Lansing State Journal and USA Today. Gantert was the managing editor of Michigan Capitol Confidential for five years before joining The Center Square.

Categories: National News

3 replies »

  1. Not mentioned, the price of gasoline (per gallon) immediately before the COVID pandemic was declared .

  2. Folks!!
    In St.Johnbury vt in the mouth of December 2019 reg Gas prices from $1.99 to $2.11 a gallon that’s a fact period!!
    To the one’s that support this Administration you are as much at blame as they are period!! Beyond disgusting to say the least 😒 $$$$$$$×=$$$$
    Wake up Americans wake up! Are you awake yet people???
    China Creepy Joe doesn’t work for WE THE PEOPLE PERIOD!! WAKE UP FOLKS!!

  3. Is the reason for producing more US oil is to sell to China or a weak, too late, attempt to effect market price as the Saudis, Iran, Russia, and China are controlling the energy market? The United States and Canada are selling energy to foreign interests on the foreign market. United States and Canada energy is largely controlled by foreign interests. Both countries sold out long ago and the supply chain disruptions are going to be brutal from here on out – all by design. Carry on!