Skip to main content

After month of increases, gas prices dip slightly

  • Author:
  • Updated:

Gas prices nationwide may have peaked for the moment, but don't expect a big drop, one analyst says.

The national average gas price rose 32 days in a row, starting Jan. 20 ($3.26) to Feb. 21 ($3.73), but the price then dipped two days straight, says GasBuddy analyst Patrick DeHaan. He blogs, "This is certainly excellent news for all of you disillusioned motorists – but I would caution you not to get overly thrilled as prices may linger near these levels for some time."

In the Twin Cities, gas averaged $3.79 Monday, compared to $3.76 a week ago and $3.27 a month ago, according to Twin Cities Gas Prices.

In Minnesota, the statewide gas price average was $3.78 Monday, up a bit from $3.76 a week ago, and way up from $3.26 a month ago.

Nationwide, gas price averages are nearly 54 cents higher than nine weeks ago, according to the Lundberg Survey, CNN reported.

Crude oil prices are decreasing again, and wholesale prices, which marketers and retailers pay, are falling, Trilby Lundberg told CNN. The city with the highest average in the latest Lundberg survey was Los Angeles, at $4.29. The lowest average was in Billings, Mont., at $3.23.

Fox Business explains a bit more about why gas prices have risen so sharply in the last month (partly due to off-line refineries):

Next Up

Patrick Henry High School

Patrick Henry High School in Minneapolis will get new name

A school board meeting was held this week, discussing what's next going forward.

Mike Max

Sources: Mike Max is out at WCCO Radio

Max got his start at WCCO Radio in 1998.

Pixabay - emergency room ambulance hospital

Uber passenger dies a week after fiery crash in St. Paul

Her Uber was struck by a suspected drunk-driver.


Target profits plunge as it takes hit from shedding excess goods

The retailer announced earlier this year it would be slashing prices.

police lights

Las Vegas man identified as victim killed near 38th and Chicago

The 25-year-old died at the scene Sunday afternoon.


Beloved Eagan Dairy Queen says goodbye

A summer staple has shuttered in Eagan.

Screen Shot 2022-08-16 at 3.44.22 PM (2)

Bridge damage closes westbound Hwy. 62 between Richfield, Edina

The Minnesota Department of Transportation said bridge maintenance work is in progress.

Michael Miller

Charges: Drunk driver killed former chair of Hibbing Chamber of Commerce

Michael Miller's blood-alcohol content was nearly three times the legal limit at the time of the crash.


Gas prices dip, slide could continue to Thanksgiving

Gas prices have come down an average of 18 cents from a week ago, and about 33 cents from one month ago, according to The cheapest gas is in Bloomington (more than a dozen stations had gas in the $3.23-3.29 range.) The three most expensive stations were in South St. Paul ($3.99), North St. Paul ($3.98) and Minneapolis ($3.74).