CRUDE OIL

Casselton fire chief explains similarities in North Dakota, Ohio derailments

Casselton officials speak out about the train derailment in Ohio almost 10 years after a similar situation in North Dakota.

CASSELTON, N.D. (KVRR) — It’s nearly a decade after a broken axle in a train full of crude oil led to a derailment causing heavy fires in the tracks in Casselton. The East Palestine, Ohio community faces a similar situation, as observers question how environmental hazards will affect the town’s plumbing with chemicals spilling into the Ohio River. “If there…

Average Price of Unleaded Gas Moves Closer To $3.00 Per Gallon

Crude oil is trending higher on reports that the U.S. State Department plans to end the use of waivers for countries to import oil from Iran

FARGO, ND — Gas has gone up another nickel in just one week. The average price for a gallon of unleaded gas in North Dakota is now $2.76, according to AAA. The average is 22 cents higher than one month ago and 11 cents higher than one year ago. The national average is $2.84. Crude oil is trending higher on reports…

Refinery Maintenance And Higher Crude Oil Prices Push Gas Prices Higher

In Fargo the average price is $2.50 Per Gallon of Unleaded

FARGO, ND — Gas prices have hit the highest levels for this date since 2014. AAA says the national average price for regular unleaded gas is $2.74 a gallon, five cents higher than last week. In Fargo the average price is $2.50. One of the factors is refinery maintenance season which has hit some unexpected bumps. Another factor in the higher…

Higher Crude Oil Prices Are Great News For North Dakota’s Bottom Line

oil and gas revenue is $323 million more than initial estimates

BISMARCK, N.D. — Oil and gas tax collections in North Dakota are running 25 percent above forecast due to rebounding crude prices. A report by the Legislature’s research arm shows oil and gas revenue is $1.6 billion for the current two-year budget cycle that began in July. That’s $323 million more than initial estimates. Oil prices are a key contributor…