Louis Blaustein

Blaustein was born in Lithuania (then part of the Russian Empire) to a Lithuanian Jewish family,[1] and immigrated to the United States in 1883[2] at the age of fourteen.[3] He worked as a peddler in Pennsylvania before moving to Baltimore, where he and his son Jacob delivered kerosene on a horse-drawn wagon. He then took a job with the Standard Oil Company[1] where he eventually saved enough capital[2] to found his own oil company with his son Jacob in 1910, the American Oil Company (AMOCO),[3][1] and incorporated it in 1922.[4] In 1924, the Pan American Petroleum and Transport Company purchased a 50% interest in the company for $5 million[2] in exchange for a guaranteed supply of oil. Before this deal, AMOCO was forced to depend on Standard Oil of New Jersey, a competitor, for its supplies.[4] In 1925, Standard Oil of Indiana acquired Pan American, beginning John D. Rockefeller's association with the AMOCO name.[4]

AMOCO pioneered the concepts of the drive-in gas station, the first metered gasoline pump (which showed the quantity and total price of fuel received), and the original anti-knock gasoline which allowed the development of the high-compression engine.[3][1] AMOCO would expand vertically, owning refineries, steamship terminals and truck fleets in addition to its vast network of service stations.[2]

Blaustein was a prominent philanthropist, donating most of his money anonymously.[2] The Louis & Henrietta Blaustein Family Foundation was dissolved in 2001 and replaced by the Jacob & Hilda Blaustein Family Foundation, the Alvin & Fanny B. Thalheimer Foundation, and the Henry & Ruth Blaustein Rosenberg Family Foundation.[5][6]

He was married to Henrietta Gittelsohn (1871–1965) with whom he had five children, of which three survived to adulthood: Jacob Blaustein (1892–1970), Fanny Blaustein Thalheimer (1895–1957) and Ruth Blaustein Rosenberg (1899–1992).[3][2] The Blaustein family continues on in three businesses: American Trading and Production Corporation (ATAPCO), Lord Baltimore Capital Corporation, and Rosemore, Inc.[3]