More than 40 million Americans are expected to travel somewhere this 4th of July holiday weekend and if you’re going by car, expect it to cost you. Gas prices are at a six-year high!
With 41 million Americans expected to travel this year, highways and airports will be packed with travelers looking to take advantage of the 3-day weekend.
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.
Gas prices have been continuing to rise at the pumps, and analysts believe they are only going to go higher. Currently, the national average for a gallon of gas is $3.43. In Minnesota, the average is 3 cents higher at $3.46.
Temperatures aren’t the only thing on the rise. Gas prices have gone up 12 cents in the past week to about $3.34 a gallon. Some stations are even nearing the $3.50 mark. Nationally, officials said gas prices are the highest they’ve been since October and they will likely continue to climb.
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.
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.
Gas prices continue to drop in the Twin Cities. We found gas prices under three bucks a gallon in the Twin Cities overnight.
Drivers have a little more money in the bank this week. Gas is on average $3.30 a gallon. A month ago, it was 45-cents higher, and experts predicted prices would stay high. Renae Jackson of Burnsville fills up twice a week. “On a regular basis, we drive to school, I drive him to school, daycare, dance, soccer,” Johnson said.
According to AAA, the average cost of gas has been more than $3 per gallon for 1,000 days straight. It’s the longest streak ever for gas prices at this level. Right now, the average in Minnesota is $3.50 per gallon, slightly lower than the national average of $3.54 per gallon. Bob Darbelnet, president and CEO of AAA, says kiss the days of cheaper gas prices goodbye. “Paying less than $3 per gallon for gasoline may be automotive history for most Americans, like using 8-track tapes or going to a drive-in movie,” Darbelnet said.
Just in time for our last-minute summer road trips, it appears Minnesota gas prices have started to drop. In fact, they’ve fallen more than 10 cents in the last week. Some gas stations in areas around the Twin Cities are seeing prices as low as $3.33 a gallon.
Don’t be surprised if your wallet is feeling a little lighter after that last fill-up. Gas prices nationwide are at their highest point of the year — and they’re only expected to climb higher.
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.
Before you blame the messenger for gas prices still hovering around $4 per gallon, service station owners want you to know something: They’re hurting, too. The biggest pinch comes from credit and debit card fees, charges which rise in lockstep with soaring pump prices.
The national average for a gallon of gas has gone up 17 days in a row. But here in the Twin Cities, gas has dropped three cents to an average of $4.17 a gallon.