Drivers who have seen a steady rise in the price of gasoline can relax: They will almost certainly be paying far less for gas this summer than they have in at least six years.
Minnesota drivers are paying 7 cents less per gallon than a week ago. The state’s average is now $1.93, which makes it the sixth-cheapest state in the country for gas currently.
Minnesotans are starting 2015 with the cheapest gas prices we’ve seen in five years. According to AAA, the average price for a gallon of gas in the Twin Cities is $2.03. That’s 14-cents cheaper than a week ago, and far cheaper than the $3.24 we were paying last January.
The cost to fill up at gas stations keeps going down. In the Twin Cities on Tuesday night, a gallon of regular was just $2.14 on average. But for drivers using diesel it’s considerably more: $3.30 a gallon.
For years, the state’s corn and ethanol industries have touted the environmental benefits of burning the alternative fuel in our vehicles. But newly released research from the University of Minnesota College of Science and Engineering is raising eyebrows.
If you’re getting ready to gas up for a trip up north this weekend, be prepared to pay a little more at the pump. Gas prices have risen on average by about 15 cents per gallon in the Twin Cities during the past week.
Minnesota Gov. Mark Dayton and six other governors are writing to President Obama asking for help in addressing the propone shortage and price increases. They are asking for the administration to help increase propane supplies through “every means of transport.”
The extreme cold isn’t just uncomfortable. It’s becoming expensive, too, especially for homeowners in rural Minnesota who rely on propane to heat their homes. Prices jumped last fall, and with several subzero nights this winter, the cost of propane continues to climb.
While cars had trouble starting Monday, dozens of planes didn’t get off the ground at all. Some airlines had to cancel flights after jet fuel actually froze at airports across the Midwest. There were 50 flights cancelled and more than two dozen delays at MSP Monday. But almost none of them had to do with the local weather, according to airport spokesman Patrick Hogan.
In the new year, Minnesota drivers are paying more at the pumps than a year ago. The average price statewide is $3.24 a gallon. That compares to $3.07 this time last year.
Several states in the upper Midwest are dealing with significantly higher prices for propane because of a supply problem caused by a late harvest, persistent very cold temperatures and the temporary shutdown of a major supply pipeline.
Disbelief? Shock? Joy? All of the above apply when it comes to filling up at the gas pump these days. AAA Minnesota reports an average price of $3 per gallon in the Twin Cities metro area.
A Canadian fuel supplier and reseller plans to enter the U.S. market with a $110 million purchase of a North Dakota fuel distribution business. Parkland Fuel Corporation, which is based in Red Deer, Alberta, said it is buying all outstanding shares of SPF Energy Inc.
Drivers in the Twin Cities area now have another option when fueling up. A higher-ethanol fuel blend called E-15 is now available at one station in south Minneapolis and could be spreading to others.
The Department of Energy released its winter fuel outlook and found homeowners with natural gas can expect increases in their heating bills of up to 13 percent.
The worst may be over for drivers in the upper Midwest who have been grappling with the highest gasoline prices in the continental U.S. Analysts said one major Illinois refinery is back online and another big one in Indiana is on track to ramp up production again soon.
Minnesota’s No. 1 in the nation, in a category few are rejoicing over. The Twin Cities’ average price for gas is the most expensive in the nation at $4.32 per gallon, according to GasBuddy.com. Chicago is second ($4.28), Honolulu is third ($4.25) and Santa Barbara is fourth ($4.17).
As gas prices in Minnesota reached record high prices of about $4 per gallon, Sen. Amy Klobuchar called on the Department of Energy to take action. The gas price spike came after the closure of oil refineries in the Midwest for maintenance.
A Twin Cities grocery chain is cutting a popular rewards program. Saturday will be the last day that Rainbow Foods customers can take advantage of their “Fuelperks” cards.
Gas is now selling for about $3.76 a gallon in the Twin Cities, and motorists aren’t the only ones complaining about big jumps in prices. Independent gas stations are also feeling the squeeze.
It’s been a nice holiday present to have gas prices dip below $3 a gallon, but what will happen in the new year?
The Pine Bend Refinery is planning a major upgrade with the promise of 500 construction jobs.
Remember a month ago when people were wondering if voters would take out their frustration with high gas prices on the president?
Remember analyst predictions that we could be paying $5 per gallon of gasoline this summer? Thankfully, that scenario hasn’t come to pass. Gas prices have been falling over the past few weeks. But why?
Delta Air Lines reported a first-quarter profit on Wednesday as gains from hedging its fuel costs made up for losses in its day-to-day operations. The first three months of the year are usually the weakest for airlines because fewer people fly.