Gas for as little as $1.72 in Twin Cities as prices hit 6-year low


It's been six years since Minnesota experienced gas prices this low, with pump prices in some parts of the state almost down to $1.70 per gallon.

According to, the average price for regular gas in Minnesota currently stands at just under $1.93 a gallon on Thursday, which is down from $2.27 a month ago and just under $2.50 a year ago.

Drivers looking for the cheapest fuel should head to Costco in Coon Rapids or Maple Grove, where prices currently stand at $1.72 per gallon, as they do at the Marathon station in Champlin.

The Duluth News Tribune reports national prices have plummeted to their lowest point since 2009, reaching around $2.01 on Wednesday.

Midwest states in particular are benefiting because of an increase in gasoline supply coupled with refineries processing "deeply discounted crude oil" from Canada, the newspaper notes.

AAA says these supply factors are coming during the winter months, when pump prices have historically moved lower because demand for gasoline falls.

The motor club notes refinery production continues to outpace 2014 and current demand and inventories are growing, which are likely to keep gas prices "relatively low" going forward.

CNBC reports consumers benefiting from gas savings are now more likely to loosen the purse strings this holiday season, which in turn could be good news for the retail sector.

The news organization says earlier this year Americans were being more cautious with their gas savings as they expected prices to rocket during the summer, but the fact prices didn't rise as much as they'd expected is giving them more confidence this winter.

Next Up

Jaden McDaniels

Wolves lose to Magic on Cole Anthony's buzzer-beater

The Wolves blew a 20-point lead as the Magic defeated the Timberwolves on Wednesday night.

J.A. Happ

Twins sign veteran J.A. Happ to add to the rotation

The left-hander will get a one-year, $8 million deal from the Twins.

storm the capitol rally st. paul minnesota state capitol

BCA finds 'no criminal wrongdoing' among those at 'Storm the Capitol' rally

Inflammatory comments were made by speakers, but no charges will be brought.

Screen Shot 2021-01-18 at 12.27.04 PM

Man's vehicles crushed by hit-and-run driver weren't fully insured

The goal is to raise $25,000 to help the south Minneapolis resident.

Joe Biden

Key points from Joe Biden's first speech as POTUS

The 46th president called for unity at a time America is facing huge challenges.

coronavirus, covid-19

Here is Minnesota's COVID-19 update for Wednesday, January 20

The 111 ICU patients is the fewest in Minnesota since there were 109 COVID patients in intensive care on Oct. 1.


Here's what Amy Klobuchar said at Joe Biden's inauguration

The Minnesota senator was one of the leader organizers of the inauguration.

covid-19, vaccine

All of this week's COVID vaccine pilot program appointments are filled

Nearly 6,000 Minnesotans who are 65 and older registered for appointments between noon Tuesday and Wednesday morning.

Lane kueng thao chauvin

Osterholm affidavit ahead of George Floyd trial warns of COVID worsening in March

Prosecutors want to delay the Chauvin trial due to a public health threat.