U.S rig counts are down for the week and year over year.
Baker Hughes publishes updates on on North American rotary oil and gas rigs weekly and International counts are updated once a month. As of their report for 2 May 2025, here are the numbers:
U.S. Rigs 584, down 3 from the previous week, down 21 from one year ago, 2 May 2024.
Canadian Rigs 120, down 8 from a week ago, unchanged from one year ago.
International (updated monthly) 891, down 8 from March, down 87 from March 2024.
Gas prices haven't moved much (see previous posts)
Gas Buddy publishes updated gasoline prices by state. Checking today's published prices, the median cost by state for a gallon of gasoline is $2.99. For the median price today, I'm using the Gas Buddy's published price of a gallon of gasoline in the 25th ranked state in their list of prices by state, ranked from lowest to highest. Mississippi had the lowest price $2.62 and California the highest at $4.72.
Australia voted to give their center-left Labor Party leader, Prime Minister Anthony Albanese, a second term as the Liberal (liberal in name only) candidate Peter Dutton not only lost his national election bid, but also his seat in Parliament. Dutton, earlier in his campaign, aligned himself with Trump but, late in the campaign scrambled to distance himself from the U.S. president. "DOGY-y Dutton" was one brand applied to Dutton who, like Trump, called for massive cuts to government services and civil servant jobs. From the BBC article linked above,
"Dutton's own inconsistent policies and the Trump-esque rhetoric and decisions appear to have driven away an electorate that is deeply concerned about a new, tumultuous world order."
Labor parties now lead the governments of Great Britain (Keir Starmer), Canada (Mark Carney) and Australia (Anthony Albanese).
