Why Are Gasoline Prices Rising?
February 26, 2013 | Energy Information Administration
"The average U.S. retail price for regular motor gasoline is up about 45 cents per gallon since the start of 2013, reaching $3.75 per gallon on February 18. The rise in gasoline prices is partly due to higher crude oil prices. However, most of the increase in the pump price of gasoline reflects an increase in the gasoline crack spread, the difference between the wholesale price of gasoline and the price of crude oil." Quoted from the Energy Information Administration.
Rocketing North Dakota GDP
July 15, 2013 | Energy Information Administration
"In recent years, North Dakota has seen significant gains in real gross domestic product per capita, coinciding with development of the Bakken shale play. In 2001, North Dakota's GDP per capita was well below the U.S. average, ranking 38th out of 50 states. [...] By 2012, its real GDP per capita was $55,250, more than 29% above the national average. Quoted from the Energy Information Administration website article.
Workers Needed in the Bakken Formation
January 19, 2014 | BismarckTribune.com
Activity in the Bakken Formation and other energy plays in North Dakota is still creating a demand for more workers than are available. Drillers, welders, truck drivers, mechanics, well service workers, computer scientists, accountants, laborers, carpenters and many other occupations are in high demand.