Big Lake, TX's Data
About Big Lake, TX's
Big Lake is a small city located in Reagan County, Texas, United States. Named after a dry lake, a notable geographical feature in the area, Big Lake was established in the early 20th century and has evolved from a quiet ranching community to a more dynamic city driven by the oil industry. Its strategic location in West Texas has played a crucial role in its development and significance in the regional economy.
Things To Do in Big Lake, TX
Hike: Here are a couple of local trails to check out!
Local Attractions in Big Lake, TX
Santa Rita No. 1 - The original oil well that marked the beginning of the oil boom in the region, a historic site.
Reagan County Park - A local park offering recreational facilities and outdoor activities for families and visitors.
Hickman Museum - A museum featuring local history exhibits, including artifacts from the early days of oil exploration in the area.
Big Lake Wildlife Management Area - A natural area ideal for wildlife observation, hiking, and enjoying the local flora and fauna.
Annual Santa Rita Festival - A local festival celebrating the city's oil heritage with events, food, and entertainment.
The Economy of Big Lake, TX
The economy of Big Lake is predominantly influenced by the oil and gas industry, which surged with the discovery of the Santa Rita Oil Well in 1923. This event marked the beginning of significant economic growth in the region, attracting workers and companies involved in energy production. The city's economy is characterized by its dependency on the fluctuations of the oil market, which affects local employment and revenue streams.
Big Lake, TX Inflation
Understanding the BLS and Inflation in Big Lake, TX
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Big Lake, TX. 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 Big Lake, TX understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Big Lake, TX 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 Big Lake, TX 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 Big lake, TX
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