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MN gas prices down 3.5 cents last week

Gasoline prices in Minnesota have fallen 3.5 cents per gallon in the past week, averaging $2.68/gallon yesterday, according to GasBuddy's daily survey of 2,856 stations in Minnesota. This compares with the national average that has fallen 7 cents per gallon last week to $2.73/gallon, according to GasBuddy.

Average gasoline prices on November 5 in Minnesota have ranged widely over the last five years: $2.48/gallon in 2017, $2.04/gallon in 2016, $2.26/gallon in 2015, $3/gallon in 2014 and $3.15/gallon in 2013.

"Beware — any politician taking credit ahead of the elections is absolutely pulling your leg. We should see prices move lower yet again — but this behavior is par for the course every autumn. In addition, sanctions on Iran were reimposed yesterday, but while some countries that import oil from Iran have waivers, those waivers may be temporary — so the drop at the pump may not continue indefinitely," said Patrick DeHaan, head of petroleum analysis for GasBuddy.

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