Average retail gasoline prices in Minnesota have risen 1.2 cents in the past week, averaging $2.71 per gallon Sunday, according to GasBuddy’s daily survey of 2,856 gas outlets in Minnesota. Gas prices in Minnesota are 4.6 cents per gallon lower than a month ago, and stand 12.3 cents per gallon lower than a year ago.
Gas prices in International Falls ranged from $2.72 to $2.74 per gallon, according to gasbuddy.com.
According to GasBuddy price reports, the cheapest station in Minnesota is priced at $2.43 per gallon Sunday while the most expensive is $2.89 per gallon, a difference of 46 cents per gallon. The lowest price in the entire country as of Sunday stands at $1.89 per gallon while the most expensive is $5.86 per gallon, a difference of $3.97 per gallon.
The national average price of gasoline has fallen 1.6 cents per gallon in the last week, averaging $2.81 per gallon Sunday. The national average is down 8.9 cents per gallon from a month ago, yet stands 13.8 cents per gallon lower than a year ago.
Historical gasoline prices for May 28 in Minnesota going back a decade:
- 2018: $2.83 per gallon
- 2017: $2.30 per gallon
- 2016: $2.25 per gallon
- 2015: $2.68 per gallon
- 2014: $3.53 per gallon
- 2013: $3.83 per gallon
- 2012: $3.52 per gallon
- 2011: $3.75 per gallon
- 2010: $2.57 per gallon
- 2009: $2.60 per gallon
"The national average has fallen for its fourth straight week, probably not something motorists would associate with the start of the summer driving season," said Patrick DeHaan, head of petroleum analysis for GasBuddy. "More impressively is the surprise that may soon hit some motorists: the nation's cheapest gas prices may soon fall back under $2 per gallon as oil prices have plummeted nearly $14 in the last 8 weeks, prompted by worries about President Trump's tariffs on China and now also Mexico, undermining the U.S. and global economy, and perhaps leading to a slowdown in oil demand at the same time as U.S. oil inventories have rebounded sharply. While there may be volatility and a return to higher prices should Trump make a deal to avoid tariffs on both the countries, for now, it's going to be a big win at the gas pump with prices in most areas likely to fall notably in the week ahead."