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News in Brief- June 13, 2018

News in Brief- June 13, 2018

Gas prices remain steady with average of $3.01 per gallon

CAMARILLO, Calif. (AP) — The average price of regular-grade gasoline in the U.S. has remained relatively steady for the past three weeks with a national average of $3.01 per gallon.

Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that a drop in crude prices has not been seen at the pump. Lundberg says that station operators kept the difference between wholesale and retail prices to make up for tight margins.

The average on May 18 was a fraction under $3 a gallon.

The highest average price in the contiguous 48 states was $3.81 in the San Francisco Bay Area. The lowest was $2.54 in Baton Rouge.

The average price for diesel fuel rose 4 cents, to $3.27.

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National rig count rises by 2 to 1,062; Texas gains 3

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by two this week to 1,062.

At this time a year ago there were 927 active rigs.

Houston oilfield services company Baker Hughes reported Friday that 862 rigs drilled for oil this week and 198 for gas. Two were listed as miscellaneous.

Among major oil- and gas-producing states, Texas added three rigs, Colorado increased by two and Louisiana gained one.

Oklahoma and Wyoming declined by two rigs each and North Dakota decreased by one.

Alaska, Arkansas, California, New Mexico, Ohio, Pennsylvania, Utah, and West Virginia were unchanged.

The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May of 2016 at 404.

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Report: Oklahoma tops states in incarceration rate

TULSA, Okla. (AP) — Oklahoma now has the highest incarceration rate in the U.S., according to a recent study.

The Prison Policy Initiative released its "States of Incarceration: The Global Context 2018" study last month. The nonprofit's data figures account for state prisons, local jails, federal prisoners and other systems of confinement, the Tulsa World reported

Oklahoma's incarceration rate is 1,079 per 100,000 people, unseating Louisiana at No. 1 in the country, according to the report. Louisiana has an incarceration rate of 1,052 per 100,000 people.

The state's reform efforts are expected to slow the incarceration rate and not reduce it, said Kris Steele, chairman for Oklahomans for Criminal Justice Reform.

Oklahoma also incarcerates people at higher rates than all countries with a population of at least 500,000, according to the study.

Information from: Tulsa World, http://www.tulsaworld.com

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State returns $2.3 million in oil royalties to resident

BATON ROUGE, La. (AP) — The state is returning $2.3 million from its Unclaimed Property Program to a north Louisiana resident.

The treasurer's office says in a news release Monday that this is the largest amount ever returned to one person in the history of the program. The resident did not want to be identified. The return resulted from unclaimed oil royalties from a deceased relative.

Dollars in the unclaimed property fund come from old savings and checking accounts, payroll checks, stocks and dividends, insurance proceeds, oil royalty payments and utility deposits that aren't immediately claimed by their rightful owners.

The treasurer's office tries to locate people and return the money.

Treasurer John M. Schroder says the $2.3 million return was a "special case" and that usually claims fall in the range of $900.