Minnesota gas prices move closer to national average

(The Center Square) – Minnesota gas prices keep creeping closer to the national average after jumping nearly 40 cents in the past month.

Minnesotans are paying an average of $3.81 a gallon as of Friday, according to the most recent figures provided by the American Automobile Association. The national average hit $3.84.

Minnesota’s average was less than 1 cent below last week and nearly 40 cents higher than last month. It does remain 12 cents below the same time last year.

Nationally, according to AAA, gas prices have remained relatively flat for the past 10 days, despite an increase in both overall demand and oil prices.

“We appear to be at a fork in the road when it comes to which direction gas prices will take – up or down,” said Andrew Gross, a AAA spokesman. “The summer heat that kept people home and suppressed refinery production has eased for now, so we have to look at the cost of oil to determine if the recent price climb is ending. More expensive oil will likely lead to higher prices, so stay tuned.”

- Advertisement -

The national average of $3.81 is 27 cents more than a month ago but 20 cents less than a year ago.

In Minnesota, the highest averages are in the northeast part of the state in Lake and Cook counties, along with a pocket of eight counties in the southwest where prices range between $3.87 and $3.91.

Kittson, Marshall and Pennington counties in the northwest are among those with the lowest averages between $3.64 and $3.72.

The state’s highest record average price came in June 2022 at nearly $4.76 a gallon.

spot_img
spot_img

Hot this week

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Sports betting bill still alive in Georgia House

(The Center Square) – A bill that would allow...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

Men of Color Expo – Celebrating Men of Excellence

Tinker Federal Credit Union & PPBC Present Men of Color...

Stakeholders react to Supreme Court ruling in favor of Chevron

(The Center Square) — The Supreme Court’s ruling in...

Illinois Quick Hits: Teachers union says CPS to bus students to rally

(The Center Square) – The Chicago Teachers Union says...

Congress kicks off government funding process for 2027

(The Center Square) – Six months out from fiscal...

Georgia ranks 12th in annual economic analysis

(The Center Square) – Georgia ranked 12th in the...

Uthmeier subpoenas environmental group

(The Center Square) – Florida Attorney General James Uthmeier...

Bills aims to reduce cancer rates, make treatment affordable

(The Center Square) – Amid expectations that billions of...

Op-Ed: A unified AI strategy is essential to deliver for American consumers

Artificial intelligence is no longer a distant concept—it is...

DOE decides to fund stalled Louisiana carbon capture hub

(The Center Square) - After months of uncertainty, U.S....

More like this
Related

Stakeholders react to Supreme Court ruling in favor of Chevron

(The Center Square) — The Supreme Court’s ruling in...

Illinois Quick Hits: Teachers union says CPS to bus students to rally

(The Center Square) – The Chicago Teachers Union says...

Congress kicks off government funding process for 2027

(The Center Square) – Six months out from fiscal...

Georgia ranks 12th in annual economic analysis

(The Center Square) – Georgia ranked 12th in the...