(KNSI) — Decreased demand for gas now that the summer travel season is over has helped prices in St. Cloud remain relatively steady, according to AAA.
A week ago, the average price for a gallon of regular unleaded was around $3.51. Monday, drivers are starting with gas prices down a penny at $3.50. AAA says the decline is the smallest in months and may signal an end to the streak, which began roughly 100 days ago.
“All streaks have to end at some point, and the national average for a gallon of gas has fallen $1.34 since its peak in mid-June,” said Andrew Gross, AAA spokesperson. “But there are big factors tugging on global oil prices-war, COVID, economic recession, and hurricane season. All this uncertainty could push oil prices higher, likely resulting in slightly higher pump prices.”
Gross says much of the country has also switched to the winter blend gasoline, which is reportedly less expensive to make.
A month ago, the average around St. Cloud was $3.65 a gallon. A year ago, drivers were paying around $3.03. In 2020, the average in Minnesota was $2.05, according to the Energy Information Administration.
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