Louisiana prices and inflation

The fact is the EIA Gulf Coast regional regular-gasoline price, including taxes, covering Alabama, Arkansas, Louisiana, Mississippi, New Mexico and Texas. Louisiana policy concerns only one state in that regional measure; this is not a Louisiana statewide average. Fuel taxes, fees, supply and retail pricing rules concern components of pump prices; they do not determine the regional average. This connection does not establish causation. Actions after the measurement period cannot explain the earlier observed value.

Retained Louisiana evidence context: Gulf Coast regular gasoline price. This record’s connection to the topic does not establish an effect on the measured result.

Section 1: DENR shall develop, in coordination with the Board, a plan consistent with law to reduce royalties governed by State mineral leases so as to meaningfully incentivize and encourage exploration and production of the State's minerals. Section 2: DENR shall also provide clear and timely guidance ahead of October 1, 2025, detailing how recent legislative changes - including severance tax reductions and departmental reorganization - will strategically and proactively address orphan wells in state waters, thereby promoting responsible resource development, fiscal sustainability, and environmental stewardship. Section 3: Upon development of the royalty reduction plan required in Section 1, the Board shall consider the plan for approval at its next scheduled Board meeting.

The fact is the EIA Gulf Coast regional regular-gasoline price, including taxes, covering Alabama, Arkansas, Louisiana, Mississippi, New Mexico and Texas. Louisiana policy concerns only one state in that regional measure; this is not a Louisiana statewide average. Fuel taxes, fees, supply and retail pricing rules concern components of pump prices; they do not determine the regional average. This connection does not establish causation. Actions after the measurement period cannot explain the earlier observed value.

Retained Louisiana evidence context: Gulf Coast regular gasoline price. This record’s connection to the topic does not establish an effect on the measured result.

(c)RequirementNotwithstanding the 2024–2029 National Outer Continental Shelf Oil and Gas Leasing Program, the Secretary shall—(1)conduct not fewer than 20 offshore lease sales, as described under subsection (d), during the 10-year period beginning on the date of enactment of this Act; and(2)to the maximum extent practicable, carry out a lease sale under this subsection in accordance with the Record of Decision approved by the Secretary on January 17, 2017, and described in the notice of availability of the Bureau of Ocean Energy Management entitled Record of Decision for the 2017–2022 Outer Continental Shelf Oil and Gas Leasing Program Final Programmatic Environmental Impact Statement; MMAA104000 (82 Fed. Reg. 6643 (January 19, 2017)). (d)TimingIn conducting the offshore lease sales under subsection (c), the Secretary shall conduct a lease sale under this section not later than each of the following dates:(1)March 31, 2026.(2)August 31, 2026.(3)March 31, 2027.(4)August 31, 2027.(5)March 31, 2028.(6)August 31, 2028.(7)March 31, 2029.(8)August 31, 2029.(9)March 31, 2030.(10)August 31, 2030.(11)March 31, 2031.(12)August 31, 2031.(13)March 31, 2032.(14)August 31, 2032.(15)March 31, 2033.(16)August 31, 2033.(17)March 31, 2034.(18)August 31, 2034.(19)March 31, 2035.(20)August 31, 2035.(e)Area offered for lease(1)AcreageThe Secretary shall offer not fewer than 74,000,000 acres for each offshore lease sale conducted under subsection (c).(2)LocationAn offshore lease sale conducted under subsection (c) shall be in the Gulf of Mexico Region Program Area as identified in Figure S–1 of the 2017–2022 Outer Continental Shelf Oil and Gas Leasing Proposed Final Program published on November 18, 2016 by the Bureau of Ocean Energy Management (as announced in the notice of availability of the Bureau of Ocean Energy Management entitled Notice of Availability of the 2017–2022 Outer Continental Shelf Oil and Gas Leasing Proposed Final Program (81 Fed. Reg. 84612 (November 23, 2016))).

The fact is the EIA Gulf Coast regional regular-gasoline price, including taxes, covering Alabama, Arkansas, Louisiana, Mississippi, New Mexico and Texas. Louisiana policy concerns only one state in that regional measure; this is not a Louisiana statewide average. Fuel taxes, fees, supply and retail pricing rules concern components of pump prices; they do not determine the regional average. This connection does not establish causation. Actions after the measurement period cannot explain the earlier observed value.

Retained Louisiana evidence context: Gulf Coast regular gasoline price. This record’s connection to the topic does not establish an effect on the measured result.

NOW THEREFORE, I, JEFF LANDRY, Governor of the State of Louisiana, by virtue of the authority vested by the Constitution do hereby order and direct the Louisiana Department of Natural Resources and the Louisiana Department of Environmental Quality to promote the streamlining of permitting processes associated with the Oil and Gas Industry as follows: A. Establish clear and concise guidelines to expedite the permitting processes, ensuring a timely and efficient approval mechanism. B. Identify areas where agencies can enhance coordination and collaboration to eliminate duplication, reduce inefficiencies, and ensure a seamless permitting process. C. Explore and implement innovative technologies and approaches to streamline permitting, and eliminate duplication between agencies while maintaining environmental standards. D. Engage in public outreach to provide detailed information and customer-friendly guidance to applicants on the required documentation, procedures, and criteria needed at the beginnirg of the permitting process, and communicate changes in the permitting process. E. Develop and utilize performance metrics to accurately assess the permitting process. F. No later than December 31, 2024, the Louisiana Department of Natural Resources and the Louisiana Department of Environmental Quality shall report to the Office of the Governor the steps taken to comply with this Order. G. This Executive Order is effective upon signature and shall continue in force and effect until January 1, 2025 unless amended, modified, terminated or rescinded by the Governor.