Cold-weather snafus cause 3.2-cent gas price hike
Average retail gasoline prices in Minnesota have risen 3.2 cents per gallon in the past week, averaging $2.37/gallon yesterday, according to GasBuddy's daily survey of 2,856 gas outlets in Minnesota. This compares with the national average that has increased 0.4 cents per gallon in the last week to $2.48/gallon, according to gasoline price website GasBuddy.com.
Including the change in gas prices in Minnesota during the past week, prices yesterday were 6 cents per gallon higher than the same day one year ago and are 1.5 cents per gallon lower than a month ago. The national average has increased 1.7 cents per gallon during the last month and stands 11.9 cents per gallon higher than this day one year ago.
According to GasBuddy historical data, gasoline prices on Jan. 8 in Minnesota have ranged widely over the last five years: $2.31/gallon in 2017, $1.84/gallon in 2016, $1.96/gallon in 2015, $3.22/gallon in 2014 and $2.96/gallon in 2013.
"As unseasonable cold finally breaks across the country, what may not break as quickly is the unseasonably high gas prices," said Patrick DeHaan, head of petroleum analysis for GasBuddy. "Prices at the pump are higher than they were nearly all of last summer, mainly because oil prices remain high and due to the extreme cold weather that caused some snafus at refiners."