Gas prices fall across the state of Minnesota

Published 7:34 pm Tuesday, January 2, 2024

Average gasoline prices in Minnesota have fallen 4 cents per gallon in the last week, averaging $2.85 on Monday, according to GasBuddy’s survey of 2,856 stations in Minnesota.

Gas prices in Austin for the most part are hovering around $3, however, most locations are sitting below that at around $2.79-$2.99.

Prices in Minnesota are 17 cents per gallon lower than a month ago and stand 16.7 cents per gallon lower than a year ago. The national average price of diesel has fallen 4.5 cents in the last week and stands at $3.96 per gallon.

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According to GasBuddy price reports, the cheapest station in Minnesota was priced at $2.49 on Sunday while the most expensive was $3.99, a difference of $1.50. The lowest price in the state yesterday was $2.49 while the highest was $3.99, a difference of $1.50.

The national average price of gasoline has fallen 1.6 cents per gallon in the last week, averaging $3.06 today. The national average is down 17.3 cents per gallon from a month ago and stands 12.6 cents per gallon lower than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country.

Neighboring areas and their current gas prices:

• Wisconsin — $2.68, down 3.5 cents per gallon from last week’s $2.72.

• Fargo — $2.83, up 1.9 cents per gallon from last week’s $2.82.

•Twin Cities — $2.87, down 4.4 cents per gallon from last week’s $2.91.

“After a brief hiatus, the national average has moved off its recent high, again falling closer to the $3 per gallon mark, setting up a potential second attempt at slipping below $2.99 for the first time since 2021,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “While gas prices have risen in some areas, such as California after refinery snags emerged, other states have returned to declines. Illinois is one such example, falling below $3 per gallon for the first time since 2021. The Great Lakes and Gulf Coast offer some of the nation’s lowest gas prices, with the window of opportunity holding for the next few weeks to potentially re-test some of the levels seen a few weeks ago. The good news continues for average diesel prices, which slipped below $4 per gallon again and stand at their lowest level since the summer.”

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://prices.GasBuddy.com.