BizMojo Idaho

05/06/2025

Memorial Day is only a few weeks away, which means it's the time of year that oil companies start hiking their prices in anticipation of the summer driving season. Having written my share of gas price stories over the decades, the one thing I learned to look for was the rack price: What is charged at the refinery, before transportation, taxes and markup. Cstoredecisions.com runs a weekly graph, which I am sharing now -- the national average on top, the wholesale price at Salt Lake City below. You'll see that unleaded regular on Monday cost $2.26 a gallon. Last year in early May it was $2.68. Between then and now the low was $2.00, on Dec. 9. As for Salt Lake City, the rack price on Monday was $2.38, down from $2.80 a year ago. Happy motoring!

06/11/2024

I've written a lot of gas price stories over the years, and the best advice I ever got was from the president of Jackson's Convenience Stores, who told me to watch wholesale rack prices if I wanted to follow trends. The rack price is the wholesale price from the refinery, before taxes, transportation costs and markup. He told me they averaged about 6 cents in profit on a tank of gas. Anyway, here are the graphs from cstoredecisions.com, which updates rack prices every Monday. Nationally, this week the wholesale price for a gallon of unleaded regular was $2.45, back where it was at the end of February. Out of Salt Lake City, it was $2.35. Look at the line at the bottom. Apart from the big spike in 2022-23, prices are about where they have been on average since 2010, and definitely lower than where they were in 2008 before the economy went south.

10/25/2022

https://apnews.com/article/inflation-biden-technology-us-department-of-energy-climate-and-environment-1679e404be75d06641a01f8579c633d2

BOISE, Idaho (AP) — The Idaho National Laboratory in the eastern part of the state will receive $150 million for infrastructure improvements to boost nuclear research and development, the U.S. Department of Energy announced Tuesday.

08/01/2022

In all my years at the Post Register, I wrote more gas price stories than I can remember. Rack price is what it always came down to. Rack price is the price of gasoline or diesel, loaded onto a truck at the distribution terminal, ready for delivery to end users or retail stations. It doesn't include margins, markup or taxes. It varies from region to region. Here's the scoop for today. It might shed some light on what you're paying at the pump.

06/28/2021

http://www.bizmojoidaho.com/2021/06/two-eastern-idaho-women-named-2021-top.html

Medor, president and founder of MarCom, and Karlsson, a research scientist at Idaho National Laboratory, were among the 50 women chosen out of a field of more than 150 nominees. Both will be honored Sept. 30 at the Boise Centre during the 2021 Women of the Year gala.Medor, a member of the Abenaki Tr...

06/22/2021

http://www.bizmojoidaho.com/2021/06/inl-researchers-help-develop-irrigation.html

06/21/2021

http://www.bizmojoidaho.com/2021/06/new-italian-restaurant-coming-to-idaho.html

06/17/2021

http://www.bizmojoidaho.com/2021/06/phillips-named-bank-of-idaho-retail.html

06/11/2021

http://www.bizmojoidaho.com/2021/06/fall-river-electric-ballot-features.html

06/10/2021

http://www.bizmojoidaho.com/2021/06/idaho-falls-considers-pilot-program-to.html

06/07/2021

http://www.bizmojoidaho.com/2021/06/public-review-of-marvel-microreactor.html

The U.S. Department of Energy (DOE) today announced the start of a 31-day public review period on a Final Environmental Assessment for a proposal to construct the Microreactor Applications Research Validation & Evaluation (MARVEL) project microreactor inside Idaho National Laboratory’s (INL’s) T...