Texas News Could Crude Oil Prices Reach $300 A Barrel? KWBU | By Texas Standard Published April 30, 2018 at 1:38 PM CDT Twitter LinkedIn Email Listen • 4:32 Dave Fehling/Houston Public Media Tank cars for carrying crude oil (the ones painted black) sit on tracks near homes west of downtown Houston. Low oil prices and emerging electric vehicles may have reduced the long-term investment in oil production necessary to keep prices reasonable.