National Parks across the United States bring significant economic benefit. According to the National Park Service, In 2021 $42.5 billion was generated because of park tourism, and in South Dakota, that benefit totaled around $301 million.
It’s a common theme, “the housing market in Rapid City is hot!” People are moving here at an exceptional rate, averaging 8 to 10 people a day. What happens to the market when there is too much demand and not enough supply?
Many out-of-state license plates were spotted at attractions and on the roads as tourists flocked to the area this weekend. However, did high prices at the pump impact vacation plans?
Around the nation, gas prices are averaging nearly half a dollar more than last month. With trends continuing upwards, some RV owners are concerned about the future.
Gas prices have gone up for the fourth straight week. GasBuddy says the national average increased to $4.46 per gallon, while in Rapid City the average is $3.97.
Since it’s founding, the company has expanded its global footprint to 70 countries, and was listed as a fastest growing company nationwide by INC. 5000.
The City says the numbers follow the normal upward trend, which surpasses the national yearly inflationary index of just over 8%, where this February’s numbers topped the scales at 11% higher than last year’s.
AAA attributed the dropping prices to lower crude oil costs, and reserves hitting the market. Unfortunately they don’t think the trend down will last too long, because summer gas is more expensive to make and tourism drives up demand.
The annual Black Hills Home Builders Association Home Show will kick off this Friday, and people far and wide have already started to make their way to The Monument to get set up.
Consumers are still feeling a pinch in their wallets when it comes to buying gas, but there has been some relief as gas prices are starting to decline. But what do higher gas prices mean for the City of Rapid City? Where the fuel costs for 2022 were budgeted back in September of 2021.
The South Dakota House of Representatives passed a $2 hundred-million funding package aimed to spur the construction of workforce hosing, particularly in the Black Hills area.
On Tuesday, the White House made the move to cut off all Russian energy imports to the United States. That decision prompts RapidRide and other public transit systems to tout their services as cheap alternatives to driving in response to unprecedented fuel costs, but that doesn’t mean they’re unaffected.
South Dakota lawmakers have set a tax revenue estimate for the state budget that anticipates $92 million more than Gov. Kristi Noem laid out ahead of the legislative session.
