Average retail gasoline prices in Minnesota have fallen 5 cents in the past week, averaging $3.58 per gallon Thursday, according to GasBuddy’s daily survey of 2,856 gas outlets in Minnesota. This compares with the national average that has decreased 2.7 cents per gallon in the last week to $3.65 per gallon, according to gasoline price website MinnesotaGasPrices.com.
Prices in International Falls Sunday ranged from $3.75 to $3.84 per gallon, according to the website.
Including the change in gas prices in Minnesota during the past week, prices Sunday were 0.9 cents per gallon higher compared to the same day one year ago and are 21.3 cents per gallon higher than a month ago. The national average has increased 14 cents per gallon during the last month and stands 15 cents per gallon higher than this day one year ago.
“After an impressive run that saw the national average begin to approach its springtime high, it appears prices have plateaued- at least for now,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “Oil prices appear to be taking a breather, but with the peak of hurricane season approaching, an continued upward trajectory in gasoline prices is certainly possible, should we see a major storm take aim for the Gulf. Crude inventories have also declined four consecutive weeks, and large decreases in crude inventories in the near future may be cause for rising oil prices as well,” DeHaan said.
GasBuddy operates MinnesotaGasPrices.com and over 250 similar websites that track gasoline prices at more than 140,000 gasoline stations in the United States and Canada.
