Mr. Dow Jones, Oil hits new record
Rupert Murdoch has officially bought Dow Jones, adding to his ever growing list of news sites and business resources. This recent buy, just in time for his new FoxBusiness venture, will help Murdoch to further his global hold on the news, both economically and globally. In other news, the price for crude oil soared to a new high today, $78.76, after the US reported an inventory loss. However, refineries around the US reported a growth in production of gasoline, diesel, and other fuels. Refineries are now up to a 93% production rate. While oil has steadily been creaping up again, partly due to hurricane season, the price at the pump has continued to drop. Recent stations in South Carolina were advertising a $2.46/gallon price for regular unleaded, marking one of the lowest prices seen in almost 2 years.
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