Prices at Ohio pumps expected for remainder of 2015
Thursday, September 10, 2015
According to Crain’s Cleveland, Ohio should continue to experience lower gasoline prices at least through the end of 2015.
As of Sept. 7, the U.S. Energy Information Administration noted that average gasoline prices in Ohio were $2.125, down $1.30 from a year ago. Nationwide, the average gasoline price for Sept. 7 was $2.437.
At the same time, the nation’s stockpiled natural gas is pushing continued low prices for drillers, including drilling in Ohio’s Utica Shale.
Via: Crain’s Cleveland > Gasoline prices to continue to fall, government forecasters say
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Shale FAQ
What is fracking?
Fracking is a slang term for hydraulic fracturing. Fracturing is a process by which highly pressurized fluid is pumped thousands of feet into the ground to fracture rock formations. The goal is to release the natural gas that’s locked inside the rock.
Is it safe?
What most concerns people about fracturing is ground water contamination. The worry is that fractures underground, caused by the process, will extending upwards and into aquifers, releasing gas and chemicals into the ground water supply. There’s been no confirmed reports of such a thing happening. Though surface spills and drill site blowouts can lead to localized environmental concerns.
Will my water catch on fire?
Flammable water is caused by the release of methane gas into a drinking water supply. Methane gas occurs naturally and can be released by any kind of drilling, including water wells. In Pennsylvania officials fined Chesapeake Energy $1 million for contaminating ground water with methane. It was determined that the company had not properly cemented it’s boreholes and gas migrated up the well, between rock and into aquifers.