Analysts: Gas prices to continue to rise in Twin Cities

Experts predict the cost of a gallon of fuel in the Twin Cities will continue to rise over the next few weeks. The average price of gas in the metro jumped more than 10 cents in the past week -- averaging $3.55 per gallon. That's higher than the national average.

Author:: BMTN Staff
Updated:: Mar 8, 2018
Original:: Oct 17, 2011

Experts predict the cost of a gallon of fuel in the Twin Cities will continue to rise over the next few weeks. The average price of gas in the metro jumped more than 10 cents in the past week -- averaging $3.55 per gallon. That's higher than the national average.

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As of Tuesday, AAA reported gas prices in Minnesota had jumped 19 cents per gallon over the past seven days -- 18 cents higher than the national average. Experts say the culprit is Chicago. The Pioneer Press reports the metropolis is fueled by a number of Midwest refineries, but three of those refineries have been completely or partially off-line for maintenance.

Gas prices have come down an average of 18 cents from a week ago, and about 33 cents from one month ago, according to twincitiesgasprices.com. 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).

The average price for a gallon fell 13.6 cents to $3.49 over the weekend. It's good news, of course, but experts warn that the market is still very sensitive to global politics.

Even though crude oil prices are going up, the cost of gas is headed south for the winter. Prices at the pump are down seven cents in a week and the forecast is they'll keep dropping with the temperatures.

If you're planning a road trip when the weather warms up, be ready to dig deep into your wallet. Experts think gas prices may rise 65 cents a gallon here by the end of the spring. Some other states may even hit $5 a gallon.

Prices for a gallon of gasoline in the Bemidji area are among some of the highest in the country according to AAA. Spokeswoman Gail Weinholzer tells Minnesota Public Radio that Hurricane Isaac as well as a pipeline problem in Wisconsin and refinery problems in Chicago have bumped prices up at the pump. Minnesota's average is $3.95, which is eight cents higher than the national average.