Energy

According to AAA, the average price of a gallon of regular unleaded gas in Montana reached a record $4.22. Diesel fuel jumped to an average of $5.46, exceeding its previous record by more than a quarter.

Diesel prices Friday climbed to a record $5.16 per gallon.

Sheridan Electric Cooperative is still working to get residential customers back on line before another storm slams the region, but says commercial customers might not get power back until next month.

Crypto mining is an energy-intensive process that analysts say emits the same amount of carbon as some small countries produce annually — and it could be the only thing keeping the 100-megawatt Hardin Generating Station active.

The news did little to appease oil and gas groups clamoring for more favorable drilling conditions or environmental groups frustrated with the pace and scale of the White House’s efforts to transition the United States to renewable energy sources.

Marathon Digital Holdings says it will move its mining servers away from the plant in Hardin to locations where it can tap non-carbon-emitting power.

While politicians continue to call for changes in federal policy to spark growth in the oil and gas industry, some analysts say the federal government has less of a role in ramping up oil production than political rhetoric would suggest.

Montana and Wyoming will receive millions of dollars each over the next five years to build up their electric vehicle infrastructure.

The Biden administration is encouraging U.S. oil companies to increase their production to help curb record-high gasoline prices. Turns out, however, that boosting output is easier said than done.