MINNEAPOLIMEDIA NEWS | Gas Prices Nearing $4 Per Gallon in Minnesota as Global Oil Tensions Drive Increase

ST. PAUL, MN (April 2026) Gas prices across Minnesota are approaching $4 per gallon, reaching their highest levels in nearly four years as global oil market pressures intensify, according to data from the AAA.

As of late April, the statewide average for regular unleaded gasoline stands at approximately $3.93 per gallon, compared to a national average ranging between $4.11 and $4.23 per gallon. Minnesota prices remain below the national benchmark despite the recent increase.

Rapid Price Increases

Fuel prices in Minnesota have risen sharply over the past two months. In February 2026, the statewide average was near $2.75 per gallon, indicating an increase of roughly $1.00 or more per gallon in a short period.

Analysts attribute the rise to a combination of global supply concerns, seasonal demand increases ahead of summer travel, and tightening gasoline inventories.

Global Oil Market Pressures

A key driver behind the increase is geopolitical instability involving Iran and its proximity to the Strait of Hormuz, one of the world’s most critical oil transit routes.

The Strait of Hormuz handles an estimated 20% to 35% of global seaborne crude oil and petroleum products, making it highly sensitive to disruptions. Any threat to shipping in the region can quickly impact global oil prices.

Recent tensions have contributed to a surge in crude oil benchmarks, including Brent crude, which has climbed significantly in early 2026. Because oil is traded globally, price shifts tied to international supply risks are reflected quickly in U.S. gasoline markets, including in the Midwest.

Regional Pricing Differences

Within Minnesota, gas prices vary by region due to differences in demand, distribution costs, and local competition:

• Twin Cities metro: Approximately $3.98 per gallon
• Rochester: Around $4.02 per gallon
• St. Cloud: Near $3.91 per gallon
• Moorhead: Approximately $3.71 per gallon

Areas outside the Twin Cities and southeastern Minnesota typically report prices 10 to 25 cents lower per gallon, offering some relief to drivers in Greater Minnesota.

Minnesota’s access to Canadian crude oil supplies has historically helped keep prices below the national average, insulating the state somewhat from price spikes affecting coastal markets.

Outlook and Mitigation Factors

Energy analysts indicate that gas prices could remain elevated into the summer driving season if global supply risks persist. Additional upward pressure may occur if geopolitical tensions disrupt oil shipments or refinery output.

Some potential price relief may come from continued federal authorization of E15 fuel sales during the summer months. E15, a gasoline blend containing 15% ethanol, typically sells for 10 to 15 cents less per gallon than standard unleaded.

Officials and market analysts continue to monitor global supply conditions and domestic demand trends as fuel prices remain volatile heading into peak travel season.

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