MN gas prices up slightly over last week
Average retail gasoline prices in Minnesota have risen 0.4 cents per gallon in the past week, averaging $2.50/gallon yesterday, according to GasBuddy's daily survey of 2,856 gas outlets in Minnesota. This compares with the national average that has increased 1.8 cents per gallon in the last week to $2.65/gallon, according to gasoline price website GasBuddy.com.
Including the change in gas prices in Minnesota during the past week, prices yesterday were 32.3 cents per gallon higher than the same day one year ago and are 20.3 cents per gallon higher than a month ago. The national average has increased 30.4 cents per gallon during the last month and stands 48.1 cents per gallon higher than this day one year ago.
According to GasBuddy historical data, gasoline prices on September 11 in Minnesota have ranged widely over the last five years: $2.18/gallon in 2016, $2.30/gallon in 2015, $3.30/gallon in 2014, $3.58/gallon in 2013 and $3.88/gallon in 2012.
"Harvey may be long gone, but his wrath continued to drive gasoline prices up in much of the country in the last week. However, the effects are finally starting to weaken as refineries return to production and fuel begins to flow once again from many Houston refineries," said Patrick DeHaan, senior petroleum analyst for GasBuddy. "The national average gasoline price appears to have peaked last week Thursday at $2.67 per gallon and is beginning to slowly decline for the time being. Once again, motorists shouldn't expect to see any impact from Irma on gasoline prices due to the path being a considerable distance from sensitive areas of the energy sector."