Curio |

On This Day | The Price of a North Dakota Barrel and Area Prospecting

Author
Josh Wolsky
Josh Wolsky

In a move prompted by price cuts on competing crude oils, Indiana Oil Purchasing Company announced a reduction of 20 cents per barrel in the price it offers for North Dakota crude, effective at 7:00 a.m. November 10th. This action by the Crude Purchasing Affiliate of Standard Oil Company establishes the top North Dakota price at $2.95 per barrel.

1958-11-20 | Ward County Independent

Why We Chose It

That $2.95 per barrel in 1958 translates to about $34.00 today.
price-of-oil-and-prospecting
Josh Wolsky

Josh Wolsky

Developer & Writer @TheMinot Voice, Fan of the Souris River, SavorMinot Advocate. Fortunate to be a 'former' City Council member ;)