Average retail gasoline prices in Minnesota have fallen 3.5 cents per gallon in the past week, averaging $2.41/g yesterday, according to GasBuddy’s daily survey of 2,856 gas outlets in Minnesota. This compares with the national average that has fallen 5.5 cents per gallon in the last week to $2.55/g, according to gasoline price website GasBuddy.com.
Including the change in gas prices in Minnesota during the past week, prices yesterday were 27.9 cents per gallon higher than the same day one year ago and are 13.7 cents per gallon higher than a month ago. The national average has increased 19.6 cents per gallon during the last month and stands 34.7 cents per gallon higher than this day one year ago.
According to GasBuddy historical data, gasoline prices on September 25 in Minnesota have ranged widely over the last five years: $2.13/g in 2016, $2.30/g in 2015, $3.23/g in 2014, $3.34/g in 2013 and $3.90/g in 2012.
Areas near Minnesota and their current gas price climate: • Wisconsin- $2.45/g, down 3.5 cents per gallon from last week’s $2.48/g.
• Fargo- $2.29/g, down 5.5 cents per gallon from last week’s $2.35/g.
• Twin Cities- $2.41/g, down 2.2 cents per gallon from last week’s $2.43/g.
“For the second straight week, almost every state saw average gasoline prices fall notably as refineries continue to heal after Harvey and work on restoring production of motor fuels ,” said Patrick DeHaan, senior petroleum analyst for GasBuddy. “While oil prices have gained momentum in the last few weeks, it will not be enough to stymie the continued decline at gas pumps, which will bring the national average down another 5-10 cents in the week ahead. Impressively, some gas stations in areas of the Great Lakes have dropped their prices by as much as 30-65 cents per gallon in the last two weeks, even as the national average has dropped just half of that, thanks to intense price wars and undercutting. But for those motorists in those states — Michigan, Indiana, Ohio and Kentucky — prices may temporarily bounce back up in the next day or two as stations reset their prices. Nationwide, many motorists have asked why all gas prices haven’t come back down to pre-Harvey levels, and while the answer is complex, in short, it will take weeks or months to see gasoline inventories recover fully, but prices will continue to slowly drift lower as inventories slowly improve.”
For LIVE fuel price averages, visit http://FuelInsights.GasBuddy.com.
GasBuddy is the technology company changing the way more than 70 million consumers find, purchase, and save money on gasoline. Founded in 2000, the original GasBuddy website was a pioneer in crowd-sourced information, leveraging technology, big data, and a passionate community that now connects more than 70 million users with real-time, accurate fuel pricing information as well as reliable reviews of gas station amenities and services. The app and website have the most accurate and real-time fuel prices at over 140,000 unique stations in the United States, Canada, and Australia and is the most comprehensive money-saving companion while on the road. GasBuddy is available on all mobile platforms. For more information, visit www.gasbuddy.com.