With some gas stations in southeast Minnesota now selling a gallon of unleaded for nearly $4 a gallon, how long will these high prices last?
While I'm guessing nobody wants to go back to March of 2020 during the beginning days of the pandemic, there was ONE thing I'd like to bring back from two years ago: the incredibly cheap price of gasoline.
It was then that gas prices fell into territory I thought I'd never see again-- with many stations and convenience stores selling a gallon of unleaded for around $1.65 a gallon. (In fact, according to the U.S. Energy Information Administration, gas prices in Minnesota bottomed out in late April, selling for the unheard-of price of $1.50 a gallon!)
Well, it sure isn't cheap right now! And, the price of gasoline is expected to keep on increasing here in Minnesota and across the country as we head into this spring and summer.
GasBuddy says some stations here in southeast Minnesota are already selling a gallon of unleaded for as high as $3.99. That's nearly 40 cents more than last week's average price of $3.46/gallon and-- here's the bad news-- it's expected to keep on rising. Their gas forecast had the painful news Tuesday:
Gasbuddy's 2022 gasoline forecast predicts the average cost of a gallon of gas will peak in May at $4.25. Even as prices begin to decline after May, the average is expected to remain over $4 until November.
USA Today says the average price of gas in the U.S. has already topped $4 a gallon and could be headed for the highest prices ever recorded.
It could be worse, though: Over in my home state of Wisconsin, gas prices are up 50 cents since last week. And gas prices here in Minnesota are still cheaper than in California, where they're now at a whopping $5.44 a gallon! (That's not much consolation, though, is it?)
Do you remember how cheap gas was when you first started driving? (What did we do with all that extra money back then?!?) Keep scrolling to take a walk down memory lane and check out the price we gas was selling for when you first got your driver's license!
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