Gas prices keep going up
Published 8:16 am Tuesday, April 24, 2018
Average retail gasoline prices in Minnesota have risen 4 cents per gallon in the past week, averaging $2.55 per gallon yesterday, according to GasBuddy’s daily survey of 2,856 gas outlets in Minnesota.
The price compares with the national average that has increased 3.4 cents per gallon in the last week to $2.75 per gallon, according to gasoline price website, GasBuddy.com.
Mower County’s average price per gallon on Monday was $2.62.
Including the change in gas prices in Minnesota during the past week, prices were 24.5 cents per gallon higher than the same day one year ago and are 8.2 cents per gallon higher than a month ago.
The national average has increased 15.5 cents per gallon during the last month and stands 33.5 cents per gallon higher than this day one year ago.
According to GasBuddy historical data, gasoline prices on April 23 in Minnesota have ranged widely over the last five years:
$2.31 per gallon in 2017, $2 per gallon in 2016, $2.36 per gallon in 2015, $3.49 per gallon in 2014 and $3.46 per gallon in 2013.
“Gas price increases gripped 49 of the nation’s 50 states again last week as oil prices continued their upward move to new multi-year highs. In addition, government data highlighted a new record for gasoline demand was breached last week, and we’re not even into the summer driving season yet. The road head at the pump looks quite ominous if that demand number proves common in the coming weeks,” said Patrick DeHaan, head of petroleum analysis for GasBuddy.