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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 fallen 2.3 cents per gallon in the last week to $3.65/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Minnesota during the past week, prices yesterday were 22.2 cents per gallon higher than the same day one year ago and are 2.0 cents per gallon higher than a month ago. The national average has decreased 0.7 cents per gallon during the last month and stands 17.5 cents per gallon higher than this day one year ago.

“The national average has started a nice downward trend, even as motorists were hitting the road for July 4,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “Yes, gas prices were some of the highest July 4 prices we’ve seen since 2008, they drifted downward in many communities as the holiday approached. Over the last week, the national average has fallen almost 4¢/gal- a trend that could continue with an absence of hurricanes or disruptions from Iraq. Gas prices over the next few weeks could fall more than 10¢/gal should the aforementioned situations remain quiet, which is most welcome as the peak of the summer driving season comes into focus,” 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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