Gas prices jump just in time for July 4
Minnesota gas prices have risen 5.1 cents per gallon in the past week, averaging $2.11/g today, according to GasBuddy’s daily survey of 2,856 stations. Gas prices in Minnesota are 21.8 cents per gallon higher than a month ago and stand 47.7 cents per gallon lower than a year ago.
According to GasBuddy price reports, the cheapest station in Minnesota is priced at $1.79/g today while the most expensive is $2.29/g, a difference of 50.0 cents per gallon.
The national average price of gasoline has risen 3.4 cents per gallon in the last week, averaging $2.17/g today. The national average is up 19.7 cents per gallon from a month ago and stands 53.4 cents per gallon lower than a year ago.
Historical gasoline prices in Minnesota and the national average going back ten years:
June 29, 2019: $2.59/g (U.S. Average: $2.70/g)
June 29, 2018: $2.73/g (U.S. Average: $2.85/g)
June 29, 2017: $2.17/g (U.S. Average: $2.23/g)
June 29, 2016: $2.20/g (U.S. Average: $2.29/g)
June 29, 2015: $2.63/g (U.S. Average: $2.77/g)
June 29, 2014: $3.59/g (U.S. Average: $3.67/g)
June 29, 2013: $3.39/g (U.S. Average: $3.49/g)
June 29, 2012: $3.47/g (U.S. Average: $3.34/g)
June 29, 2011: $3.48/g (U.S. Average: $3.53/g)
June 29, 2010: $2.72/g (U.S. Average: $2.73/g)
Neighboring areas and their current gas prices:
Wisconsin- $2.14/g, up 4.2 cents per gallon from last week’s $2.09/g.
Fargo- $2.08/g, unchanged from last week’s $2.08/g.
Twin Cities- $2.11/g, up 8.3 cents per gallon from last week’s $2.02/g.
“Gasoline prices have continued to rise across the U.S., a streak that enters its ninth week, but with a resurgence in COVID-19 cases across several states and with Pay with GasBuddy gasoline demand data showing the first weekly drop in gasoline demand since Memorial Day and just the second one since March, there may eventually be a small reckoning in the price of gasoline,” said Patrick DeHaan, head of petroleum analysis at GasBuddy. “Last week, U.S. gasoline demand fell 0.4%, not exactly a staggering figure, but data from later in the week pointed to much more noticeable drops, which may be a coming trend as authorities in some U.S. states rescind their re-openings. Motorists across the country will likely be influenced by what develops in those areas- improvement and a slowdown in COVID would cause gas prices to continue rising, while a continued resurgence in COVID-19 cases and a drop in gasoline demand will mean lower gas prices.”
GasBuddy is the authoritative voice for gas prices and the only source for station-level data spanning nearly two decades. Unlike AAA’s once-daily survey covering credit card transactions at 100,000 stations and the Lundberg Survey, updated once every two weeks based on 7,000 gas stations, GasBuddy’s survey updates 288 times every day from the most diverse list of sources covering nearly 150,000 stations nationwide, the most comprehensive and up-to-date in the country. GasBuddy data is accessible at http://FuelInsights.GasBuddy.com.