MINNEAPOLIS — Anyone filling up the family truckster this weekend had to have noticed an uptick in the price of petrol.
Consumer app and website GasBuddy says the average price of unleaded across the Twin Cities Monday is up 14 cents over the previous week to $3.16. That's 12.7 cents higher than a month ago.
GasBuddy's daily survey of 1,106 stations across the metro found the cheapest gas station was selling for $2.84 while the most expensive was $3.59, a difference of 75 cents per gallon which underlines the importance of shopping around.
Across the entire state of Minnesota, the cheapest gas was being pumped at $2.70 per gallon, while the highest-priced petroleum was $3.59, a gap of 89 cents.
GasBuddy petroleum analyst Patrick De Haan blames the hike on Iran's rocket attack on Israel and continuing conflict in the Middle East. De Haan says so far, Hurricane Milton has not had an impact on petroleum prices and despite one-third of gas stations in Florida being without gas at some point last week, he expects the big picture to improve,
"With oil prices recently starting to fall again, the rise we saw could end before you know it," De Haan predicted. "And with restoration happening in Florida, we could start to see a decline in gas prices in the weeks ahead, with a good chance of seeing the first sub-$3 per gallon national average since 2021."
GasBuddy says the news is better with diesel, with the national average declining 3.4 cents per gallon in the last week. Diesel currently stands at $3.57 per gallon- the lowest price since January 2022, over 900 days ago.
For more on gas prices and where you can find the cheapest places to fill up, check out the GasBuddy website.
