Average retail gasoline prices in Minnesota have fallen 11.1 cents in the past week, averaging $2.16 per gallon Sunday, according to GasBuddy’s daily survey of 2,856 gas outlets in Minnesota. This compares with the national average that has decreased 9.6 cents in the last week to $2.28 per gallon, according to gasoline price website MinnesotaGasPrices.com.
Regular gas prices in International Falls ranged from $1.98 to $2.19 per gallon, according to the site.
Including the change in gas prices in Minnesota during the past week, prices Sunday were 98.3 cents per gallon lower compared to the same day one year ago and are 52 cents per gallon lower than a month ago. The national average has decreased 50.6 cents per gallon during the last month and stands 100.5 cents per gallon lower than this day one year ago.
“The dramatic decline at the pump continues to reap significant savings for the motoring public- over $525 million less spent every day versus this past summer, or $375 million less than the same time last year,” said Patrick DeHaan, senior petroleum analyst with GasBuddy. “The slump in crude oil has wavered slightly and we’re in the fourth quarter of the game. However, there is still a chance that crude prices resume their slump again, and carry the pump plunge into overtime,” DeHaan said.
Gas prices have fallen $1.85 per gallon in Michigan since June 28, the largest drop in the nation. Following close behind: Kentucky, down $1.66 per gallon, Indiana, down $1.62 per gallon, Ohio, down $1.61 per gallon, and Illinois, down $1.60 per gallon over the same time frame. More statistics can be found at media.gasbuddy.com.
GasBuddy.com is a tool to help motorists save money at the pump by collecting gas price data and displaying it on websites and on a free smartphone app that has been downloaded over 37 million times. The site operates MinnesotaGasPrices.com and more than 250 similar websites that track gasoline prices at more than 140,000 gasoline stations in the United States and Canada.
