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DAILY ENERGY NEWS | 01/02/2026
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** New year, same Jersey.
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New York Post ([link removed]) (12/31/25) reports: "New Jersey drivers are about to get hit with a nearly 9% hike in the state’s gas tax — leaving them once again grappling with one of the highest rates in the country. Thanks to legislation signed into law in 2024, the state — the only one in the nation to not allow self-service pumps — is raising its gas tax by 4.2 cents to 49.1 cents for gasoline and 56.1 cents for diesel Jan. 1. The jump would average out to about $27 more per year per driver, for a total cost of $320 just for the state gas tax alone, according to the latest figures available, 2022. 'People in New Jersey are paying some of the highest gas tax rates in the country,' Alex Stevens, manager of policy and communications at the Institute for Energy Research, told The Post. 'If the state were to reduce it to the national average, which is around 33 cents, people in the state would be paying
well below the national average today for gasoline'...'Even with the high gas tax, you know, the gas prices in the state are mostly a consequence of just sort of the existing infrastructure that people have in New Jersey there,' Stevens said...'Since the state’s gas tax is so high, it looks like the problem really in the state isn’t so much the money coming in,' Stevens said. 'They’re collecting tons of revenue from the high gas tax, but it’s how the money is being spent going out where New Jersey ranks so poorly.'"
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** "The real cause of financial pain for the poor in California is not climate change, but the pursuit of climate policy."
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– Linnea Lueken, The Heartland Institute ([link removed])
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New year, same nightmare for blue state residents.
** Daily Caller ([link removed])
(1/1/25) reports: "Though the second Trump administration has pivoted from the Biden administration’s aggressive and climate-centric policies, Americans could still face a year of rising electricity costs and potential energy bottlenecks in 2026. President Donald Trump and Congress voided several harsh Biden-era policies in 2025 that would have restricted oil and gas development and enacted a de facto national electric vehicle (EV) mandate. The Trump administration has cut billions in green energy spending, which contrasts with former President Joe Biden’s focus on expensive climate initiatives...Electricity costs are projected to keep rising in 2026, despite the administration’s efforts to deregulate and bolster traditional energy sources. The Energy Information Administration (EIA) projects that demand from data centers and cryptocurrency mining will contribute to rising electricity costs in 2026...A recent analysis from the Institute for Energy Research and Always on Energy Research
showed that blue states generally have higher electricity costs than red states. The report’s authors also note that several of these states with higher electricity rates also have what they term 'ideological mandates' to phase out power sources like coal. In contrast, 80% of the states with the most affordable electricity costs per kilowatt hour are 'reliably red,' according to the report."
🎵 You woke up this morning, Got yourself a (useless) goal. 🎵
** ([link removed])
Revving up to be a great year for American autos.
** CNBC ([link removed])
(1/1/26) reports: "Stellantis is resurrecting a V-8-powered Ram pickup truck called the TRX as the company faces fewer federal emissions regulations and enacts a U.S. sales turnaround plan for its brands. The automaker said Thursday that the 2027 Ram 1500 SRT TRX will be available late in 2026 for around $100,000. It was first produced for the 2021-2024 model years before being canceled as the company de-emphasized V-8 engines. The TRX is powered by a supercharged 6.2-liter 'Hellcat' gas engine capable of 777 horsepower and 680 foot-pounds of torque. The automaker is calling it the 'fastest and most powerful production gas pickup truck in the world,' capable of 0–60 mph in 3.5 seconds and a top speed of 118 mph. 'We had to push it to the next level,' Ram CEO Tim Kuniskis said during a recent media event. 'We’re super happy about this one coming back.'...Many of the new efforts go against Stellantis’ previous plans to discontinue gas V-8 vehicles amid more stringent fuel economy
regulations and penalties. But those policies have either been weakened or disappeared under the Trump administration."
Energy Markets
WTI Crude Oil: ↓ $56.91
Natural Gas: ↓ $3.64
Gasoline: ↑ $2.83
Diesel: ↓ $3.68
Heating Oil: ↓ $211.66
Brent Crude Oil: ↓ $60.37
** US Rig Count ([link removed])
: ↓ 572
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