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Minnesota weekly gas price update and outlook


Mon, Sep 1st, 2014

Average retail gasoline prices in Minnesota have fallen 0.3 cents per gallon in the past week, averaging $3.33/g, according to GasBuddy’s daily survey of 2,856 gas outlets in Minnesota. This compares with the national average that has fallen 1.3 cents per gallon in the last week to $3.43/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Minnesota during the past week, prices yesterday were 15.2 cents per gallon lower than the same day one year ago and are 6.6 cents per gallon lower than a month ago. The national average has decreased 10.3 cents per gallon during the last month and stands 10.5 cents per gallon lower than this day one year ago.

“With Labor Day right around the corner, most Americans will be seeing the lowest prices of the summer,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “And the good news doesn’t end there, the national average is at its lowest levels for this time of year since 2010, when prices averaged $2.65/gallon nationally during Labor Day weekend. While most Americans won’t have access to sub-$3 prices, a few hundred gas stations, mainly in the southern U.S., are offering gasoline under $3/gallon today. And for those motorists in areas where gas prices tend to be high: just 1.5 percent of gas stations in the U.S. are selling for more than $4/gallon, so even California is in on the party at the pump,” 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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