AGP Executive Report
Last update: 5 hours agoFuel Costs: Gasoline has fallen below $4 a gallon nationally, but relief may not last. The EIA expects prices to rise in 2027, while tight diesel and heating-oil supplies are pushing winter heating costs higher. Oil Markets: Crude prices swung upward as fresh Iran tensions renewed concerns about shipping through the Strait of Hormuz. U.S. refineries are running at 94.5% capacity, but distillate stocks remain near historic lows. Geothermal: Interior Secretary Doug Burgum touted Utah’s Fervo project as an example of energy abundance. The site now produces about 33 megawatts, with plans to reach 500 megawatts by 2028 and potentially supply a major data center. Power and Permitting: The Senate advanced a bipartisan permitting measure as demand from AI data centers intensifies. Mississippi regulators also upheld a permit for 41 gas turbines planned for an xAI site, despite environmental opposition.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.