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Gas prices in MN fall as oil value declines

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business Detroit Lakes, 56501
Detroit Lakes Minnesota 511 Washington Avenue 56501

Average retail gasoline prices in Minnesota have fallen 0.7 cents per gallon in the past week, averaging $3.16/g yesterday, according to GasBuddy’s daily survey of 2,856 gas outlets in Minnesota.

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This compares with the national average that has fallen 3.3 cents per gallon in the last week to $3.26/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Minnesota during the past week, prices Sunday were 8.2 cents per gallon lower than the same day one year ago and are 10.8 cents per gallon lower than a month ago.

The national average has decreased 12.8 cents per gallon during the last month and stands 24.2 cents per gallon lower than this day one year ago.

“The downward movement in national gasoline prices has continued for yet another week, thanks to a fall in commodity prices,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “Oil prices continue to shed value, leading the way to lower gasoline prices.

Five states — all in the nation’s midsection — are now seeing their average prices under $3/gallon: Missouri, Oklahoma, Arkansas, Texas, and Kansas, and motorists in those states certainly have a “there’s no place like home” advantage, DeHaan said.

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