Oil Producers Not Scared Off by Low Fuel Prices
Drillers are still producing oil at a near-record pace despite depressed crude prices.
North Dakota produced 1.2 million barrels of oil daily in July, down slightly from June.
It is 27,000 barrels per day less than the record set in December.
The July tally is the latest figure available because oil production numbers lag two months.
A barrel of crude is now going for around $43, down from $60 back in July.
Gas prices have also fallen at the pump with the average in Fargo now at $2.25 a gallon unleaded.