Rise In Gas Prices: Minnesota Gas Prices Experience Fluctuations in the Past Week

Rise in Gas Prices: In recent weeks, rising oil prices have pushed the price of gasoline up ever so gradually. However, gas prices are still lower than $3 per gallon in Midwestern and Gulf Coast states, a trend that analysts warn may not last long.

In a statement issued on Thursday, AAA spokesperson Andrew Gross stated that pump prices are beginning to increase at this time of year, usually peaking at the end of July.

According to Moody’s Analytics, another spike in gas prices to $4 or higher is among several factors that could jeopardize President Biden’s chances of reelection in the fall, according to its credit rating agency. After several years of high inflation that have already adversely affected consumers, a significant rise in gas prices could put upward pressure on inflation broadly.

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Stacker has compiled statistics on the price of gas in Minnesota as of February 2.

Minnesota by the numbers
Gas current price: $2.94
Week change: +$0.10 (+3.5%)
Year change: -$0.46 (-13.6%)
Historical expensive gas price: $4.76 (6/15/22)

Diesel current price: $3.71
Week change: -$0.02 (-0.6%)
Year Change: -$0.68 (-15.4%)
Historical expensive diesel price: $5.57 (6/29/22)

Metros with the most expensive gas in Minnesota

1. Rochester: $3.00
2. Mankato: $2.98
3. Minneapolis-St. Paul (MN only): $2.98
4. St. Cloud: $2.93
5. Houston County: $2.92
6. Moorhead: $2.80
7. Duluth-Superior (MN only): $2.77
8. Polk County: $2.76

States with the most expensive gas

1. Hawaii: $4.68
2. California: $4.57
3. Washington: $3.94

States with the least expensive gas

1. Wyoming: $2.69
2. Oklahoma: $2.71
3. Wisconsin: $2.73

Dom DiFurio is the author of a series that uses data automation and spans 50 states.