Average gas prices in Minnesota drop to $3 per gallon
DULUTH — Minnesota’s average gas price Thursday dipped to $3 per gallon for the first time in nearly a year as cheaper crude oil and strong refinery production merge with declining demand by drivers.
Minnesotagasprices.com listed the statewide average for self-service, unleaded regular gasoline at $3, at least for part of the day. Prices ranged from as low as $2.82 in Coon Rapids to $3.19 in Warroad and Edina.
That’s down from the $4.28 per gallon it cost in May, when global crude oil prices were higher and at least one Minnesota refinery had slowed production.
It’s the lowest price in Minnesota since gas was $2.94 per gallon in early January.
Experts say the $3 per gallon ballpark could be the new normal, at least into early 2014, with crude oil production up and prices down.