Oil City, PA's Data
About Oil City, PA's
Oil City, Pennsylvania, is a city steeped in the history of America's oil industry. Situated along the Allegheny River in Venango County, Oil City emerged as a vital hub during the Pennsylvania oil rush in the late 19th century. Its strategic location and rich natural resources facilitated its growth as an oil boomtown, attracting workers and industrialists who shaped its development. Today, the city's heritage is reflected in its architecture and the preserved historical sites that tell the story of its pivotal role in the oil industry.
City: Oil City
State: Pennsylvania
Country: United States
Population: Approximately 9,500 as of the most recent estimates.
Number of Ongoing Class I Recalls: 0
Number of Ongoing Class II Recalls: 0
Number of Ongoing Class III Recalls: 0
Company With Most Recalls: No Recalls
Things To Do in Oil City, PA
Hike: Here are a couple of local trails to check out!
Local Attractions in Oil City, PA
Drake Well Museum - A museum dedicated to the history of the oil industry, featuring a replica of the original Drake Well.
Oil Creek State Park - Offers picturesque trails, fishing, and boating, as well as historical sites related to the oil industry.
Venango Museum of Art, Science and Industry - Exhibits on local history including the oil boom, as well as art and science displays.
Justus Trails - A network of trails ideal for biking and hiking, following the paths of old oil transport routes.
Cornplanter State Forest - A nearby state forest offering outdoor recreation and natural beauty, named after the Seneca leader Cornplanter.
The Economy of Oil City, PA
The economy of Oil City has transitioned significantly since its boom days as an oil industry powerhouse. While the oil industry's prominence has declined, the city has diversified its economic base. Healthcare, manufacturing, and retail trade now play significant roles in the local economy. The city has also made efforts to attract tourism, capitalizing on its rich history and scenic riverfront location to draw visitors to the area.
Oil City, PA Inflation
Understanding the BLS and Inflation in Oil City, PA
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Oil City, PA. 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 Oil City, PA understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Oil City, PA 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 Oil City, PA 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 Oil city, PA
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