It’s been a rough couple of months for crude oil and gas prices, and though Idaho gas prices have barely moved this week, the surging cost of crude could wreak havoc for drivers in the coming days. According to AAA, Monday’s average for a gallon of regular in the Gem State is $4.33, which is two cents more than a week ago, seven cents more than a month ago, and $1.03 more than a year ago.
The UAE’s ADNOC plans to invest billions of dollars in building a presence in the U.S. natural gas industry, the Financial Times reported today, citing the chief executive of ADNOC’s international investment division, XRG.
Curious Minds Corner
How did John D. Rockefeller once control 90% of America’s oil through one sneaky company?
Standard Oil used ruthless tactics like secret railroad rebates and buyouts to monopolize refining until its 1911 breakup.