Weather Forecast

Minnesota State Economist Tom Stinson changes posters during Monday's report on the state budget. Don Davis / State Capitol Bureau

Oil is key to Minnesota's economic condition

Email News Alerts

ST. PAUL - Oil makes predicting the economic future a slippery proposition.

A December federal tax deal helped the Minnesota economy do better than expected, but now the prospects of higher oil costs could hurt the country's economy.


Minnesota State Economist Tom Stinson said a budget report released Monday counts on oil selling for $90 to $95 a barrel. On Monday, it hovered around $100.

Are you a newspaper subscriber but you don't have a Digital Access account yet?

You will need your subscription account number and phone number. Not sure if you have an account? Email us at and we can help you.