Gasoline prices in Minnesota have fallen 2.0 cents in the past week, averaging $2.05 per gallon Sunday, according to GasBuddy’s daily survey of 2,856 gas outlets in Minnesota. This compares with the national average that has fallen 0.8 cents in the last week to $2.25 per gallon, according to gasoline price website MinnesotaGasPrices.com.
In International Falls, regular gas prices averaged $2.15 to $2.17 per gallon, according to the site Thursday.
Including the change in gas prices in Minnesota during the past week, prices Sunday were 51.9 cents per gallon lower than a year ago and are 0.7 cents per gallon lower than a month ago. The national average has increased 1.1 cents per gallon during the last month and stands 34.6 cents per gallon lower than a year ago.
According to the site's historical data, average gasoline prices on Monday in Minnesota have ranged widely over the last five years:
- $2.57 per gallon in 2018
- $2.27 per gallon in 2017
- $1.59 per gallon in 2016
- $2.10 per gallon in 2015
- $3.18 per gallon in 2014
"While oil prices have risen to their highest in months on the instability in Venezuela's political situation, gasoline demand has remained weak and supply strong, thus keeping increases firmly in check," said Patrick DeHaan, head of petroleum analysis for GasBuddy. "As the record gasoline supply continues to overshadow markets ahead of the road to summer gasoline, any updrafts at the pump will be small and limited for now, but once the transition begins, the supply overhang will be drawn down in short order as refiners liquidate winter gasoline, ushering in eventually higher prices come late-February and early March."