Oil & Gas

The state reached a settlement with gas trading companies over price gouging claims. This video was broadcast during the NBC4 News at 5 p.m. on Wednesday, Oct. 2, 2024.

California residents who purchased gas in Southern California in 2015 may be entitled to a settlement payment.

Hydraulic fracturing, also known as fracking, is the process of injecting water, sand, and/or chemicals into a well to break up underground bedrock to free up oil or gas reserves.

Gas prices are once again on the decline across the U.S. That’s bringing some relief to drivers now paying a little less to fill up their tanks.