Gas prices are falling slightly in MN. Roughly 8 cents cheaper per gallon since last week according to Gas Buddy. Prices are still over 18 cents higher per gallon than last month and nearly 17 cents higher than a year ago. Nationally diesel costs are rising by 9 cents per gallon.
Gas Buddy reports,”For the first time in two weeks, the nation’s average price of gasoline has declined, falling 3.1 cents from a week ago to $3.80 per gallon yesterday according to GasBuddy data compiled from more than 11 million individual price reports covering over 150,000 gas stations across the country. The national average is up 1.3 cents from a month ago and 13.6 cents per gallon higher than a year ago. The national average price of diesel has decreased 1.4 cents in the last week and stands at $4.53 per gallon, 38.0 cents lower than one year ago.
“It’s been a mostly quiet week for the national average price of gasoline, with most states seeing gas prices cool off. But new and continued refinery issues in some regions have had an oversized effect on gas prices in some states, especially in Southern California, Arizona, and Nevada,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “While most states are likely to continue seeing gasoline prices fall in the week ahead, any new refinery issues as others begin maintenance could be problematic. For diesel prices, however, the opposite is playing out, with prices that continue to rise as demand for diesel strengthens. Overall, the largest issues impacting gas prices remain refinery disruptions, but also the price of oil, which has held around $90 per barrel as Saudi Arabia and Russia maintain significant production cuts.”
AAA reports that oil costs are keeping gas prices high even as driving demand drops with the end of summer vacations and plentiful gasoline stocks.