Going down: Gas prices expected to keep falling, but how far? - Bring Me The News

Going down: Gas prices expected to keep falling, but how far?

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Gas is as cheap as it's been in more than half a year.

Drivers in Minnesota – and across the nation – have seen the cost of a gallon of gas go down, down, down since hitting a 12-month high price of nearly $3.57 a gallon in June, according to AAA. (See the graph below.)According to the AAA daily fuel gauge report, a gallon of regular gas in Minnesota as of Friday morning costs, on average, $3.23 – down 10 cents from one month ago, and well below the current national average of $3.34. The last time Minnesotans paid this little was in January.

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Sept. 26 gas prices by region

Duluth: $3.30
Minneapolis-St. Paul: $3.23
Rochester: $3.21
St. Cloud: $3.21

The downward trend has some reports speculating prices could actually fall below $3 a gallon – seriously.

The Associated Press says gas prices – which normally fall during the fall months – will be pushed even lower due to oil prices going down internationally. The reports says as many as 30 states could see a gallon of gas below the $3 mark.

Specifically, CBS News' Money Watch explains oil production is actually up in countries such as Libya, despite the fighting. Production is up in the U.S. as well. Companies are also beginning their switch to a winter blend, which is cheaper to make.

The bad news though? WCCO says Minnesota likely won't be one of them. A AAA spokesperson told the station he expects it to reach about $3.10 on average, and noted gas prices typically reach their low point in October. So we've still got some falling to do.

There is one station actually below $3, and a few just a couple cents more.

The Twin Cities Gas Prices website listed a Fridley Sam's Club (at 8150 University Ave NE & 81st Ave NE) as having a regular gallon for $2.98. Another Sam's Club in Maple Grove, plus Costcos in in Coon Rapids and Maple Grove were reportedly at $3.02.

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The cheapest average gas price as of Friday morning was in South Carolina, where the average gallon was $3.10. The priciest (not including Hawaii and Alaska), was Washington state, at $3.72.

Weekend construction

While cheaper gas may make weekend travel more enjoyable, there will be some major road work to avoid.

Though likely not as disruptive as last weekend's I-35W north shutdown, the upcoming weekend will have a host of

The Minnesota Department of Transportation highlights the most notable metro projects going on here.

Beginning Friday at 9 a.m., a slew of ramps on I-35E in St. Paul will be closed for a corridor project (which you can read more about here).

Also in St. Paul traffic on the Kellogg Boulevard-Third Street Bridge will be closed for planned work – but when it reopens Monday, traffic will be reduced to one lane both ways after inspections discovered the outer lanes didn't meet existing federal code for supporting heavy traffic.

You can look at the 511 live traffic map for real-time statewide info on closures.

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