|
|
Montevideo American-News - Montevideo, MN
  • Gas prices in the area match statewide increase

  • Average retail gasoline prices in Minnesota have risen by three cents per gallon in the past week, averaging at $3.55 per gallon, according to GasBuddy's daily survey of 2,856 gas outlets in Minnesota.
    • email print
  • Average retail gasoline prices in Minnesota have risen by three cents per gallon in the past week, averaging at $3.55 per gallon, according to GasBuddy's daily survey of 2,856 gas outlets in Minnesota. This matches the national average that has increased 5.7 cents per gallon in the last week to $3.55 per gallon.
    Including the change in gas prices in Minnesota during the past week, prices yesterday were 14.1 cents per gallon higher than the same day one year ago and are 58.9 cents per gallon higher than a month ago. The national average has increased 28.2 cents per gallon during the last month and stands 7.2 cents per gallon higher than this day one year ago.
    "If anything positive came about as a result of Winter Storm 'Nemo' it may be that the resulting 'demand destruction' seems to have flattened out the rate at which prices had been increasing in the Northeast and the Midwest too," said Senior Petroleum Analyst Gregg Laskoski.  "On the west coast motorists are less fortunate. With western refineries producing at 75 percent capacity (less than any other region), California has seen its average price increase by 14 cents per gallon over the past week; doubling the rate of increase over the same period for the rest of the country."
      • calendar