Expert: Gas Prices Have Peaked
Want to hear some good news about gas prices for a change? It looks like gas prices in the Twin Cities have peaked.
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Want to hear some good news about gas prices for a change? It looks like gas prices in the Twin Cities have peaked.
Brooke Welch is out on Lake Minnetonka, enjoying a boat ride that's been months in the making. "It's been a long winter, really cold so we are happy to be out on the water," Welch said. Unfortunately for most boaters enjoying the weekend on water, gas prices in Minnesota are third highest in the nation – right behind Alaska and Hawaii.
Minnesota's No. 1 in the nation, in a category few are rejoicing over. The Twin Cities' average price for gas is the most expensive in the nation at $4.32 per gallon, according to GasBuddy.com. Chicago is second ($4.28), Honolulu is third ($4.25) and Santa Barbara is fourth ($4.17).
Drivers, and their wallets, have likely noticed the big 15 percent jump in gas prices this week. Some saw prices as high as $4.29 a gallon.
As gas prices in Minnesota reached record high prices of about $4 per gallon, Sen. Amy Klobuchar called on the Department of Energy to take action. The gas price spike came after the closure of oil refineries in the Midwest for maintenance.
"When did that happen?" is the question most motorists are asking Wednesday, after seeing the latest price for a tank of gas.
The first two months of 2013 have not been much fun at the gasoline pump. Prices keep rising, changing all the time.
As of Thursday morning the average price for a gallon of unleaded regular gas is $3.82 in the Twin Cities. That's 60 cents higher than a month ago.
Gas is now selling for about $3.76 a gallon in the Twin Cities, and motorists aren't the only ones complaining about big jumps in prices. Independent gas stations are also feeling the squeeze.
The average price of gas in the Twin Cities is around $3.45 per gallon, which is nearly 40 cents higher than it was a month ago. So, why did prices jump so high so quickly?
If you drive a car, you've noticed a 30 cent jump in gas prices in recent weeks. But why? The reasons are many, according to the experts.
Consider it a gift that's coming in a little late: the lowest gas prices we've seen in nearly two years.
It's been a nice holiday present to have gas prices dip below $3 a gallon, but what will happen in the new year?
Remember a month ago when people were wondering if voters would take out their frustration with high gas prices on the president?
Cindy Schnaith is practically giddy when gassing up these days. It wasn't more than a month ago that filling up her sport utility vehicle cost her nearly $80 per tankful.
Gas prices usually drop after Labor Day, but some Twin Cities drivers have been paying around $4 per gallon this week for regular unleaded fuel.
If you're filling up today be warned: it's gonna hurt. Twin Cities gas prices rose 10 cents overnight, to an average of $3.89 for a gallon of regular.
It's the start of a holiday weekend. And for anyone driving north, especially on I-35, it could be tough going. As if slow-to-still traffic wasn't bad enough, Hannah Andersen found herself stranded on 35 North. And it was a true holiday weekend driving nightmare.
Even veterans of the local gas business admit -- something strange is going on. The price of crude oil is as low as it's been since October 2011.
Remember analyst predictions that we could be paying $5 per gallon of gasoline this summer? Thankfully, that scenario hasn't come to pass. Gas prices have been falling over the past few weeks. But why?
Gas prices are finally falling. They just dropped for the third day in a row. Nationwide, the average for a gallon of regular grade is down to $3.86.
Higher fuel prices may be applying brakes to the economy in rural areas of 10 Midwest and Plains states. A monthly survey index of rural bankers dropped to 57.1 in April from 59.8 in March.
There are a few things you can be sure of during the spring time. The grass will turn green, your taxes will be due and, just like Canadian Geese, your gas prices will start heading north.
With gas prices jumping nearly daily, consumers are making some dramatic choices -- and not driving.
Police in Eagan, Minnesota, are investigating a fatal hit-and-run crash that happened overnight Saturday, according to officials.
A house fire late Friday night left one dead and another injured in Golden Valley, Minnesota, officials say.
As thousands of U.S. Immigration and Customs Enforcement agents hit the streets of Minneapolis, thousands of neighbors followed, documenting and protesting the immigration operation for months. On Friday, a community that found itself in the federal government spotlight gave thanks to some observers.
Minnesota adopted an ambitious timeline to replace all lead water pipes in the state.
Federal agents are largely out of Minnesota, but the impact is still being felt. State leaders say the economy could take months, if not years, to recover. An establishment in Shakopee said its business came to a screeching halt.
Police in Eagan, Minnesota, are investigating a fatal hit-and-run crash that happened overnight Saturday, according to officials.
A house fire late Friday night left one dead and another injured in Golden Valley, Minnesota, officials say.
Motorists near Bloomington and Richfield, Minnesota, will need to beware of a road closure this weekend as crews work near the area of the 12th Avenue bridge.
The Boys State Hockey Tournament is in full swing at Grand Casino Arena in downtown St. Paul, Minnesota.
A Hennepin County deputy is accused of domestic assault in an incident that sent a hospital in Maple Grove, Minnesota, into lockdown in February.
A police squad car was involved in a crash Monday night in Farmington, Minnesota, seriously injuring a local business owner.
Charges say Sujan Tamang and his codefendant, 21-year-old Dipak Phayal, forced a student into her St. Cloud State University dorm room on Nov. 1, 2024. The two then assaulted her.
Southern Minnesota's Lois Widmark, 104, played a key role in helping the Allies gain victory in World War II.
On Thursday, the Assistant Secretary of State for Global Public Affairs posted on X saying nearly 20,000 Americans have returned to the U.S. from the Middle East since the end of February.
Authorities have lifted a shelter-in-place warning issued earlier on Thursday in a residential area of Hastings, Minnesota.
As the war in Iran evolves, National Guardsmen from Wisconsin are being recognized for what they are doing in the Middle East.
It's the season for booking those spring break getaways, and if you're looking to skip the airport this year, take a page out of the Condé Nast Traveler.
A judge has sentenced a Wisconsin man who forged threats against President Donald Trump as part of a deportation scheme to 16½ years in prison.
A fire at a hotel in Superior, Wisconsin, Monday night left one person hurt and forced guests to move to new lodgings.
Excitement is in the air in northern Wisconsin with the 52nd annual American Birkebeiner underway.
Minnesota native and World War II veteran Les Schrenk died earlier this week. He was 102 years old.
People from across the nation are traveling to the Twin Cities, but not as tourists. Many want to learn in person from Minnesota protestors to bring that knowledge back to their own cities.
The Edina wife and mother of three said she felt called to go and protest in south Minneapolis after learning that Alex Pretti had been shot and killed by two Border Patrol agents.
Tuesday afternoon, more than 20 people gathered on the Highway 62 bridge between Minneapolis and Richfield after a small protest sparked a confrontation there last week.
Karmel Mall has been mostly silent, with shops closed at the building on East Lake Street. Operation Metro Surge has caused many Somalis to stay home.
Minnesota adopted an ambitious timeline to replace all lead water pipes in the state.
Kremlin press secretary Dmitry Peskov told reporters Russia's government is in "dialogue" with Iranian leadership representatives.
The husband of the Minnesota soldier killed last weekend in Kuwait says he hopes to honor her with a memorial greenhouse, plus more of the day’s top stories.
One in six struggle to get pregnant or stay pregnant, according to analysis by infertility associations, and many cannot afford treatments due to high out-of-pocket costs.
Work permits, driver's licenses, a nail gun. These are just some of the items listed off in federal court Thursday. ICE can't find them, according to the attorneys for the former detainees trying to get their possessions back.
With severe weather season right around the corner, what homeowners need to know about the evolving coverage for your roof.
Gas prices in Minnesota are climbing, mirroring a national trend experts say is at least in part caused by the U.S. and Israel attacking Iran.
It's the season for booking those spring break getaways, and if you're looking to skip the airport this year, take a page out of the Condé Nast Traveler.
As the strikes from U.S. and Israel continue, and Iran strikes back, the violence and turmoil could have significant worldwide ramifications.
On Friday, hundreds of leaders from Minnesota food banks and food shelves came together in Brooklyn Center. Their goal is to find the best ways to help hungry families in the aftermath of Operation Metro Surge, and while food prices remain high.
A Hennepin County deputy is accused of domestic assault in an incident that sent a hospital in Maple Grove, Minnesota, into lockdown in February.
Minneapolis police are investigating three shootings that happened in a span of just 20 minutes Thursday night.
Charges say Sujan Tamang and his codefendant, 21-year-old Dipak Phayal, forced a student into her St. Cloud State University dorm room on Nov. 1, 2024. The two then assaulted her.
Guillermo Mercado-Chaparro was arrested and charged last July after authorities seized nearly 900 pounds of meth from two vehicles in St. Paul.
Authorities have lifted a shelter-in-place warning issued earlier on Thursday in a residential area of Hastings, Minnesota.
One in six struggle to get pregnant or stay pregnant, according to analysis by infertility associations, and many cannot afford treatments due to high out-of-pocket costs.
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
Tests of dozens of baby formulas by Consumer Reports found that nearly half contained potentially dangerous chemicals.
Minnesota on Monday sued Trump administration officials Dr. Mehmet Oz and Robert F. Kennedy Jr. in an attempt to stop them from withholding $243 million in Medicaid spending, warning it may have to cut health care for low-income families if the funding is held back.
Thousands of Minnesotans enrolled in Medicaid take a total of millions of trips to their medical appointments each year through nonemergency medical transportation services, a federally required, taxpayer-funded program that's among more than a dozen others Minnesota determined to be at "high risk" for fraud.
Valleyfair in Shakopee, Minnesota, will soon come under new ownership.
A new art exhibition in Shoreview, Minnesota, is inviting visitors to see art — and maybe themselves — a little differently.
Actor and filmmaker Bruce Campbell told fans that he is in treatment for cancer and will cancel some upcoming public appearances.
The Minnesota Wild and St. Paul Mayor Kaohly Her announced a $600 million plan on Tuesday to renovate the team's arena and connected venues.
The 80-year-old will play at Grand Casino Arena on Sept. 15. Tickets go on sale Friday at 10 a.m.
Minnesota Vikings center Ryan Kelly, a four-time Pro Bowl selection, announced on Friday that he is retiring from the NFL after 10 seasons.
Nick Foligno is joining his brother Marcus with the Minnesota Wild, who made several moves on NHL trade deadline day Friday.
Bobby Brink is heading home, and the Flyers are acquiring 6-foot-4 right-handed defenseman David Jiricek from the Wild.
The Minnesota Timberwolves have won their fifth straight game.
Between the four teams duking it out in the WCHA semifinals — Minnesota, Ohio State, Wisconsin and Minnesota State — there are six players who won the gold medal for the U.S. women's hockey team.
With severe weather season right around the corner, what homeowners need to know about the evolving coverage for your roof.
With severe weather season right around the corner, what homeowners need to know about the evolving coverage for your roof. In Talking Points, Esme Murphy spoke with Grace Arnold, Department of Commerce commissioner about what's driving rising insurance premiums and what you should look from in home insurance coverage.
The month of March will be a pivotal one as Minnesota attempts to emerge from the shadow of massive fraud.
The month of March will be a pivotal one as Minnesota attempts to emerge from the shadow of massive fraud.
In the aftermath of Operation Metro Surge, a bill to make it easier for someone to sue the federal government is advancing at the Minnesota Capitol.
One of the oldest operating theaters in the Midwest is in danger of closing its doors for good.
In St. Louis Park, Minnesota, there's a place where you can find radio and television technology that's nearly a century old — and it still works.
One of the best views in Minnesota is at the top of a Bloomington hill. But 15-year-old Jacob Larson isn't here for the scenery. He's here for the jump.
Pine trees are a common sight up north. But on a Carlton, Minnesota, road, they're joined by giant lollipops. They serve as the welcoming committee for Sweetly Kismet, one of the largest candy stores in the state.
John Lauritsen shares the story behind a massive snow sculpture that's now become a winter destination.
A push for stricter gun laws in Minnesota is not new. However, this session comes on the heels of a devastating mass shooting last summer in which the target was students in prayer at Annunciation Catholic School in Minneapolis.
The military strikes against Iran have sparked intense debate in Congress. U.S. lawmakers are not only split on whether to support the operation but also on whether President Trump should have sought congressional approval in advance. WCCO investigates how the Constitution defines declarations of war.
Traveling is already stressful, especially flying, but the deadly conflict south of the border might have some travelers second-guessing their upcoming trips.
Drivers beware. Cities are seeing an uptick in stolen cars this winter.
On the first day of the Minnesota Legislature, artificial intelligence is giving visitors and lawmakers at the State Capitol a new sense of security.
Minnesotans got a great view of the northern lights Tuesday night.
A look at the newest addition to the polar bear population at St. Paul, Minnesota's Como Zoo.
From food shelves to school programs, our team is proud to serve where it matters most.
The Minnesota State Fair has unveiled its new food, drinks and vendors for 2025.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
Cooler day with temps expected to reach the 40s. We do dry out on Sunday and make a run for the 60s. Meteorologist Adam Del Rosso breaks down our next few days and when we cool back down.
In Minnesota, weather can be all over the place. Here at WCCO, we want to give you what you need to prepare for what's happening next.
NEXT Weather meteorologist Chris Shaffer says the Twin Cities could see a quick burst of snow early Saturday before temperatures warm to the 40s.
Friday's rainy weather won't cause any flooding, but this is the time of year when high water can quickly become a problem.
Residents in southwestern and central Minnesota could see icy conditions early Saturday, according to NEXT Weather meteorologist Chris Shaffer.
Get a jump on those St. Patrick's day celebrations with 'Kickin' it Irish.'
The "We Made This Art" fair event is taking place in Minneapolis this weekend.
Cooler day with temps expected to reach the 40s. We do dry out on Sunday and make a run for the 60s. Meteorologist Adam Del Rosso breaks down our next few days and when we cool back down.
WCCO's Reg Chapman shares updates on the important news of the day.
NEXT Weather meteorologist Chris Shaffer says the Twin Cities could see a quick burst of snow early Saturday before temperatures warm to the 40s.