Drumright, OK's Data
About Drumright, OK's
Drumright, located in Creek and Payne counties in Oklahoma, is a city steeped in oil history. Established during the early 20th century oil boom, it became a significant site after the discovery of the Drumright Oil Field in 1912. This event spurred rapid growth, transforming it from a mere settlement into a bustling city. Drumright's historical significance is also marked by its role during the oil boom era, attracting workers and businesses alike.
Things To Do in Drumright, OK
Hike: Here are a couple of local trails to check out!
Local Attractions in Drumright, OK
Drumright Historical Museum - Showcases artifacts and exhibits related to the city's oil boom heritage.
Tidewater Winery - Located in a historic building, offering wine tastings and events.
Cushing-Davis Museum - Features a collection of local historical items, focusing on the broader region's impact.
Drumright Oil Patch Jamboree - An annual event celebrating the city's oil industry history with music and food.
Aqua Park - A local recreational facility offering water-based activities for families and individuals.
The Economy of Drumright, OK
The economy of Drumright, historically reliant on the petroleum industry, has diversified over the years. While oil and gas still play a role, the city has expanded into sectors such as retail, education, and health services. The local economy is also supported by small businesses and the presence of heritage tourism, spurred by its rich history related to the oil industry.
Drumright, OK Inflation
Understanding the BLS and Inflation in Drumright, OK
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Drumright, OK. One of its key responsibilities is tracking inflation through the Consumer Price Index (CPI), which measures how the cost of everyday goods and services changes over time. Inflation can impact everything from housing prices to the cost of groceries, gas, and utilities across the area. By tracking inflation, the BLS helps people from Drumright, OK understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Drumright, OK using the CPI, highlighting how prices have changed over time. The x-axis represents time (months and years), while the y-axis represents price levels. If the graph moves upward, it means the cost of living is rising, which can affect everything from rent to gas prices. A flatter or downward trend suggests that inflation is stabilizing or decreasing. Keeping an eye on inflation is important for people from Drumright, OK when budgeting for housing, wages, and daily expenses. You can hover over the graph to see exact values for each month and check the "Most Recently Updated" label to ensure you’re viewing the latest available data.
Company Recall Data in Drumright, OK
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