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Gas dips below $2 at some MN stations, expected to stay low through Christmas

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Just in time for the holiday season, gas prices have been tumbling across Minnesota and in the metro area have dipped below $2 per gallon for regular unleaded.

According to GasBuddy.com, you can pick up sub-$2 fuel at six filling stations in Minnesota at the moment, with Orono Station West in Long Lake currently offering the cheapest at $1.89 per gallon, with other cheap stations found in Minneapolis, Burnsville and Shakopee.

The current average price across the state is $2.27 per gallon, down 28.2 cents compared to this time last month, and down more than 65 cents on last year, the website notes.

GasBuddy told WSJM that the falling prices are due to weakness in the oil market that should dip even lower given that crude inventories "remain high," and notes that the refinery maintenance season is also wrapping up.

According to KAKE in Kansas, gas prices are set to stay low throughout the holiday season, hovering around the $2 mark until after Christmas.

Minnesota saw its lowest average gas prices this year all the way back in January, when it slipped to $1.921, before rising to a yearly high of $2.77 per gallon in July.

USA Today reports that low gas prices is affecting retail sales figures, which grew nationwide by 0.1 percent in October, but would have been 0.3 percent if it wasn't for the performance of gas stations, which saw sales fall by 0.9 percent.

Nationally, AAA reports that gas prices actually rose by 2 cents for the week ending Nov. 9 to $2.22 per gallon, but notes that this is still the lowest price for the same date seen since 2006.

This fall in prices could well see holiday travelers opt to drive to see family rather than fly, given the savings they'll be making on the road, KAKE notes.

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