Gas Prices Continue To Fall In Minnesota, Iowa, And South Dakota

Gas Prices Continue To Fall In Minnesota, Iowa, And South Dakota

Gasoline prices in Minnesota, Iowa, and South Dakota continue to plummet providing relief to consumers.

This decline can be attributed to several factors, including decreased global oil demand, increased domestic oil production, and seasonal shifts in consumption patterns.

AAA is reporting the national average price of a gallon of gas stands at $3.20 with 16 states reporting an average gallon of gas costing less than $3.00.

• Gas Prices Continue To Fall In Minnesota, Iowa, And South Dakota-Canva
• Gas Prices Continue To Fall In Minnesota, Iowa, And South Dakota-Canva
• The drop in prices is particularly notable given the typically higher demand during summer months.

Experts point to economic uncertainties and efficiency improvements in vehicles as contributing to lower-than-expected fuel consumption.

Additionally, U.S. crude oil production has reached record levels, helping to offset potential supply disruptions from geopolitical tensions.

The trend is welcome news for households, as lower gas prices effectively increase disposable income. However, energy markets remain volatile, and prices could potentially rise again due to unforeseen global events or policy changes.

According to Gas Buddy here are some of the lowest gas prices in Minnesota, Iowa, and South Dakota...

LOWEST gas prices in MINNESOTA:

• Shell in Burnsville, MN = $2.63
• Casey's in Ham Lake, MN = $2.65
• Costco in Coon Rapids, MN = $2.65

LOWEST gas prices in IOWA:

• BP in Des Moines, IA = $2.59
• Sam's Club in Cedar Rapids, IA = $2.59
• Kum & Go in Bonurant, IA = $2.65

LOWEST gas prices in SOUTH DAKOTA:

• Sam's Club in Sioux Falls = $2.64
• Costco in Sioux Falls, SD = $2.65
• Phillips 66 in Brookings, SD = $2.67

SOURCE: ESPN Sioux Falls