Average retail gasoline prices in Minnesota have fallen 3.3 cents per gallon in the past week, averaging $2.34/gallon yesterday, according to GasBuddy's daily survey of 2,856 gas outlets in Minnesota. This compares with the national average that has fallen 3.3 cents per gallon in the last week to $2.41/gallon, according to gasoline price website GasBuddy.com.
Including the change in gas prices in Minnesota during the past week, prices yesterday were 23.3 cents per gallon higher than the same day one year ago and are 14.1 cents per gallon lower than a month ago. The national average has decreased 12.9 cents per gallon during the last month and stands 17.3 cents per gallon higher than this day one year ago.
According to GasBuddy historical data, gasoline prices on December 18 in Minnesota have ranged widely over the last five years: $2.10/gallon in 2016, $1.89/gallon in 2015, $2.35/gallon in 2014, $2.91/gallon in 2013 and $3.02/gallon in 2012.
"As we approach Christmas, average gas prices in the U.S. have fallen to their lowest point in 110 days, just as Hurricane Harvey began causing prices to spike, not exactly the Christmas gift some hoped for, but it's about time nonetheless," said Patrick DeHaan, head of petroleum analysis for GasBuddy. "As long as demand for gasoline continues to weaken, gasoline inventories will continue growing, and it'll be the gift that keeps on giving."