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Retail gasoline prices likely to drop over the next two weeks


Fri, Jul 18th, 2014
Posted in All State of Minnesota

If you’re seeing a pleasant decrease in the price at the pump you’re not imagining things.

The U.S. average retail price of gasoline has fallen below $3.60/gal for the first time since April 10, 2014. Prices have been on an 18 consecutive day streak where the current price was less than the price from the previous day, and it’s the highest number of consecutive down days since the period between April 4, 2013 and April 19, 2013, when prices fell 11.8cts/ gal from $3.63 to $3.52. The U.S. average, now $3.59/gal., has dropped by 5 cents in the past week.

“West Texas Intermediate crude, the benchmark for the U.S., traded below $100 per barrel today for the first time since April, reflecting a slow but steady decline in recent weeks,” said Patrick DeHaan, senior petroleum analyst for GasBuddy. “Over the same period, we’ve seen wholesale crude prices across the country slip dramatically. West Coast wholesale prices have fallen by more than 35 cents per gallon since the beginning of the month, and across the rest of the country wholesale prices have fallen by 15 to 20 cents per gallon.”

“We’re confident that in coming weeks we’ll see retail prices catch up to the wholesale losses. West Coast consumers will likely see their retail prices slide from 15 to 25 cents per gallon over the next two weeks, and across the rest of the country we can expect prices at the pump to shed from 10 to 20 cents per gallon,” DeHaan said.

GasBuddy has also unveiled a new website for the media (http://media.gasbuddy.com) where media can find live-ticking averages with the latest prices received for over 450 US metros and 100 Canadian cities, as well as national averages and a multitude of other data. Color maps can be created to track prices or changes in price in every U.S. county over selectable time frames, charts comparing prices between areas can be made, with many key statistics on markets updated daily.

State gains 8,500 jobs in June

Thu, Jul 17th, 2014
Posted in All State of Minnesota

ST. PAUL – Minnesota gained 8,500 jobs in June, according to figures released today by the Minnesota Department of Employment and Economic Development (DEED). The second straight month of strong job growth brought net job gains in Minnesota to 1 ..... 
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Minnesota weekly gas price update and outlook 7.14.14

Thu, Jul 10th, 2014
Posted in All State of Minnesota

Average retail gasoline prices in Minnesota have fallen 4.6 cents per gallon in the past week, averaging $3.54/g yesterday, according to GasBuddy’s daily survey of 2,856 gas outlets in Minnesota. This compares with the national average that has fa ..... 
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Governor Dayton requests presidential disaster declaration

Thu, Jul 10th, 2014
Posted in All State of Minnesota

ST. PAUL, Minn. – Today, Governor Mark Dayton requested that President Barack Obama declare a major disaster in Minnesota as a result of heavy rainstorms and flooding that began June 11. In a letter to President Obama, Governor Dayton described wi ..... 
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New law will protect health and safety of Minnesota dogs and cats

Mon, Jul 7th, 2014
Posted in All State of Minnesota

ST. PAUL, Minn. – New state regulations to protect the health and safety of dogs and cats will take effect Tuesday, July 1, 2014. During the 2014 Legislative Session, Governor Mark Dayton and the Minnesota Legislature enacted the new law, creating ..... 
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MDA Commissioner visits agricultural innovators Tour a farm operations expanding with ag grants

Mon, Jul 7th, 2014
Posted in All State of Minnesota

ST. PAUL, Minn. – The Minnesota Department of Agriculture (MDA) is touring the Southeastern part of the state to showcase business owners expansion achievements made possible by help from state grants. The Agricultural Growth, Research and Innovat ..... 
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Minnesota weekly gas price update and outlook

Wed, Jul 2nd, 2014
Posted in All State of Minnesota

Average retail gasoline prices in Minnesota have fallen 3.5 cents per gallon in the past week, averaging $3.59/g yesterday, according to GasBuddy’s daily survey of 2,856 gas outlets in Minnesota. This compares with the national average that has no ..... 
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Absentee ballots for August primary allow for early voting beginning June 27

Fri, Jun 27th, 2014
Posted in All State of Minnesota

SAINT PAUL, Minn. — Minnesota voters can cast their ballots early for the August 12 Primary Election by voting absentee starting Friday, June 27. Voters may request an absentee ballot to be mailed to them, or vote absentee in-person at their count ..... 
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Minnesota weekly gas price update and outlook 6.27.14

Fri, Jun 27th, 2014
Posted in All State of Minnesota

Average retail gasoline prices in Minnesota have risen 0.9 cents per gallon in the past week, averaging $3.59/g yesterday, according to GasBuddy’s daily survey of 2,856 gas outlets in Minnesota. This compares with the national average that has inc ..... 
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