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TODAYS TOP STORIES
Drivers face high gas prices despite U.S. oil boom
NEW YORK (AP) -- The United States is increasing its oil production faster than ever. And American drivers are guzzling less gas.
But the national average price of a gallon of gas has surged to $3.69 a gallon. And it's expected to go higher -- perhaps approaching $4 by May.
Last year, U.S. oil output rose 14 percent to 6.5 million barrels a day -- a record increase. Meanwhile, U.S. gasoline demand is at its lowest level since 2001, as people switch to more fuel-efficient cars.
The experts say the laws of supply and demand haven't been repealed. They're working -- but not the way U.S. drivers want them to.
U.S. drivers compete with drivers around the world for every gallon of gas. And as the economies of Asia and Latin America expand, their energy consumption is rising. That puts pressure on fuel supplies and prices everywhere.
While the U.S. still consumes more oil than any other country, imports are falling. That leaves China, the world's largest oil importer, as the single biggest influence on global demand. And its consumption has risen 28 percent in five years.
Other factors making gas more expensive are high crude oil prices and temporary shutdowns of refineries in the winter.
Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Posted: Thursday, March 21 2013, 05:50 PM CDT
IN OKLAHOMA NEWS
Okla. court upholds life sentence in uncle's death
May 17, 2013 21:34 GMT
OKLAHOMA CITY (AP) -- An Oklahoma appeals court has upheld the life prison sentence of a 38-year-old man who was convicted of first-degree murder for shooting his uncle to death.
The Oklahoma Court of Criminal Appeals handed down the decision Friday in the case of Patrick Shane Yargee. A jury in Tulsa County found Yargee guilty in the 2010 shooting death of 48-year-old David Willie Harjo.
Authorities alleged that Yargee shot Harjo eight times in a residence in northern Tulsa. Reports filed in the case indicate that the two men had an argument involving a woman before the shooting.
The five-judge court unanimously rejected Yargee's claims that he was denied a fair trial.
Yargee's defense attorney, Stuart Southerland of the Tulsa County Public Defender's Office, did not immediately return a telephone call seeking comment.
OKLAHOMA HEADLINES
Okla. court upholds life sentence in uncle's death
Life prison sentence upheld by Okla. appeals court
Fallin urges Okla. Legislature for health care fix
Board denies clemency for condemned Okla. inmate
Okla. lawmakers near passage of DNA testing bill
Sallisaw man bound over for trial on murder charge
Plans to fund Okla. pop culture museum still alive
Oklahoma unemployment rate dips to 4.9 percent
NATIONAL HEADLINES
Plea offer in Delaware waterboarding case
Investigator says he told top Treasury officials of IRS probe in June of campaign year 2012
Hagel orders military to recertify all who have roles in sexual abuse prevention programs
Southern California firefighters battle 2 fires 30 miles apart along Interstate 5
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OKLAHOMA WEATHER
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From the FOX 25 First Forecast Center..
Hello everyone...Stay tuned to the weather this weekend as Tornado Alley will come to life with isolated to scattered severe t'storms from time to time. ...
Business News
Gauge of US economy's future health up in April
WASHINGTON (AP) -- A measure of the U.S. economy's future health rose in solidly in April, buoyed by a sharp rise in applications to build new homes and apartments.
Consumer Info
BC-US--Dow Record-Three Personal Stories, 1st Ld-Writethru,1173
Dow Record: Three tales of ups, downs and changes
AP Photo FX102, FX103
Eds: With BC-US--Dow Record. Adds photos.
By SCOTT MAYEROWITZ
AP Business Writer
NEW YORK (AP) -- When the Dow first crossed 14,000, investors were overjoyed. ...
Science/Tech News
IN THE NEWS: LABOR GROUP SAYS CONDITIONS AT APPLE PLANTS IMPROVING
WASHINGTON (AP) -- A labor group Apple joined to assess working conditions at three manufacturing plants in China, where its products are made, says conditions are getting better.
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ON THIN ICE?
ANCHORAGE, Alaska (AP) -- He was already on thin ice with the law when he failed to meet the conditions of his probation.
IE6 Float Fix
