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Saturday, December 27th, 2014
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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 increased 2.6 cents per gallon in the last week to $3.68/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Minnesota during the past week, prices yesterday were 9.8 cents per gallon higher than the same day one year ago and are 8.4 cents per gallon higher than a month ago. The national average has increased 4.6 cents per gallon during the last month and stands 10.9 cents per gallon higher than this day one year ago.

“While concerns in Iraq have led to higher prices in many areas across the nation in the last week, a new concern has come to light: a possible increase in the federal gasoline tax,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “Suddenly, there are a few different situations that bear monitoring that could have an impact at the pump: Iraq, the Feds (raising gas taxes), and the peak of hurricane season, which is coming soon. While this week at the pump could be a quiet one, especially if there’s no major Iraq news, motorists still face the threat of higher prices later in the summer, and watching lawmakers debate raising gasoline taxes certainly is worth monitoring,” DeHaan said.

About GasBuddy

GasBuddy operates MinnesotaGasPrices.com and over 250 similar websites that track gasoline prices at over 140,000 gasoline stations in the United States and Canada. In addition, GasBuddy offers a free smartphone app which has been downloaded over 25 million times to help motorists find the lowest gasoline prices in their area.

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