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  • NEW YORK, Jan 25- The average price of a gallon of gasoline in the United States fell 13.3 cents in the past two weeks, falling to its lowest level since late April 2009, but the end of a months-long slide may be near, according to the Lundberg survey released Sunday. Prices for regular grade gasoline fell to $2.07 a gallon in the survey dated Jan. 23 from the previous...

  • Federal permit approved on SunZia transmission line Saturday, 24 Jan 2015 | 6:11 AM ET

    ALBUQUERQUE, N.M.— A proposed $2 billion transmission line that would carry electricity generated by renewable resources in New Mexico and Arizona to markets across the West is one step closer to being in service after clearing its final federal hurdle. Jewell told the Associated Press in a telephone interview that New Mexico is blessed with sunshine and wind,...

  • KANSAS CITY, Mo.— Twenty-eight oil companies and retailers have agreed to settle litigation claiming customers were knowingly overcharged when gas station fuel temperatures rose, plaintiffs announced Friday. Federal officials earlier consolidated about 50 lawsuits filed since 2006 from consumers across the country in the U.S. District Court in Kansas...

  • Kellow named next CEO of coal-mining Peabody Energy Thursday, 22 Jan 2015 | 1:51 PM ET

    ST. LOUIS— Coal-mining Peabody Energy Corp. soon will have a new chief executive. The St. Louis- based company announced Thursday that Peabody's chief operating officer, Glenn Kellow, will succeed CEO Greg Boyce on May 4. Its U.S. operations include mines in Wyoming, Colorado, Arizona, New Mexico, Illinois, and Indiana.

  • FLAGSTAFF, Ariz.— Tribes must insist the federal government honor its commitments to them and create partnerships with them based on deference, not paternalism, the president of the National Congress of American Indians said Thursday. Congress needs to update laws and regulations on energy, taxation and education to help tribes overcome those long-standing...

  • WASHINGTON, Jan 21- Most U.S. states expect to hit their revenue targets this fiscal year, but at least six states say they could fall short, the National Conference of State Legislatures said on Wednesday. Alaska, Arizona, Kentucky, Massachusetts, Michigan, and Vermont all expect to miss their revenue forecasts, according to the report. New Mexico and Indiana are...

  • LONDON, Jan 21- The eight states at the heart of the American shale oil revolution all grew faster than the U.S. national average over the last decade, according to the U.S. Bureau of Economic Analysis, underscoring the importance of oil production to the U.S. economy. North Dakota's private industry achieved a spectacular CAGR of 7.4 percent while Wyoming, Utah and...

  • Judge overturns New Mexico county's drilling ban Tuesday, 20 Jan 2015 | 1:11 PM ET

    ALBUQUERQUE, N.M.— A federal judge has overturned a New Mexico county's ban on oil and natural gas drilling that was the first of its kind when it was enacted nearly two years ago. A Royal Dutch Shell PLC subsidiary challenged the ordinance in court, contending it effectively destroyed the value of the company's $1 million in drilling leases.

  • Advocates: New Mexico among worst for child poverty Tuesday, 20 Jan 2015 | 5:05 AM ET

    ALBUQUERQUE, N.M.— New Mexico continues to rank near the bottom in child poverty and the state has been slow to recover economically and stop the dwindling of resources, a new report said. The study said the state ranked 48th nationally in child poverty and only four states ranked lower than New Mexico in the percentage of children whose parents lacked full-time,...

  • US rig count plunges by 74 to 1,676 Friday, 16 Jan 2015 | 2:02 PM ET

    HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. tumbled by 74 this week to 1,676.. Of the major oil- and gas-producing states, Texas' count dove by 44, North Dakota dropped six, Oklahoma fell five, California and Wyoming each lost four and New Mexico declined by three. Arkansas, Kansas and West...

  • WASHINGTON, Jan 14- A plunge in energy prices is hitting America's oil and gas producers, leading some firms to lay off workers while others struggle to get loans, the Federal Reserve said on Wednesday. The Fed's monthly Beige Book report on business activity had some evidence of this economic boost, with firms telling the Fed that lower gasoline prices helped...

  • ALBUQUERQUE, N.M.— A more than half-million-acre ranch that straddles the New Mexico- Colorado border and is owned by media mogul Ted Turner has asked for permission to import endangered black-footed ferrets. The carnivores have struggled across the Great Plains, and the Vermejo Park Ranch wants to bolster their numbers as part of a recovery program spanning...

  • WASHINGTON, Jan 13- The "CyberCaliphate" hacking group that attacked a Twitter account belonging to the Pentagon on Monday was founded by a Briton who was once jailed for hacking the personal address book of former British Prime Minister Tony Blair, according to government sources and private sector security experts. Hussain, who lived in Birmingham, England,...

  • The hacker group, which calls itself CyberCaliphate, appears to be the same one that is under FBI investigation for hijacking the websites or Twitter feeds of media outlets in the last month, including a Maryland television station and a New Mexico newspaper. Defense officials said Monday that they have been in contact with the FBI, and that the previous...

  • US gas prices haven't been this low since... Monday, 12 Jan 2015 | 8:06 AM ET
    The gas cash price for regular fuel is displayed at $1.79 a gallon at a Mobil station in Livonia, Mich., Jan. 6, 2015.

    The average price of gas in the U.S. fell to its lowest level since April 2009, according to the Lundberg survey released Sunday.

  • NEW YORK, Jan 11- The average price of a gallon of gasoline in the United States fell 27 cents in the past three weeks, falling to its lowest level since April 2009, according to the Lundberg survey released Sunday. Prices for regular grade gasoline fell to $2.20 a gallon in the survey dated Jan. 9 from the previous survey on Dec 19. The highest price within the survey...

  • HOUSTON, Jan 9- New oil and gas well permits issued across the United States rose slightly in December and surged 72 percent in Colorado and Wyoming after falling sharply in November on tumbling crude prices. New permits plunged nearly 40 percent in November compared to October, signaling a potential slowdown in the shale oil and gas boom that brought the United...

  • WASHINGTON, Jan 2- The White House will soon announce a nominee to the Federal Reserve Board, a person familiar with the matter said on Friday, in a move that would begin the process of filling one of the Fed's two empty seats in Washington. The person said the White House will announce a nominee next week or the following week, adding that the nominee will likely have a...

  • JUNEAU, Alaska, Dec 31- Former U.S. Democratic Senator Mike Gravel, who represented Alaska in the 1970 s, said on Wednesday he would head a Nevada company that develops and markets cannabis throat lozenges and other products in states that have taken steps to legalize weed. Gravel's appointment comes two months after Alaska and Oregon voted to legalize marijuana...

  • State winners, losers crowned in oil shock Monday, 22 Dec 2014 | 11:33 AM ET
    The U.S. flag is displayed at Tesoro's oil refinery in Los Angeles, Calif.

    Oil's drop in price is affecting states across the country in different ways, but Alaska's hit has been the hardest.