Look For Gas To Go Over $3 This Summer In Minnesota
It sure was nice having cheaper gas this time last Summer, right? Well, not really because there was hardly anywhere to go. Demand was down as were the prices. But it's another year and we are on the rebound and itching to get out on the road again.
Back in March of 2020, gas prices were falling in Minnesota and all over the country due to the pandemic. Last year on March 20th, gas was at the bargain price of $1.93 and by April 17th the price of a gallon of unleaded had hit the $1.50 mark. But like I mentioned, most of the country was shut down and there was really not a whole lot of choice of places to go.
We usually experience a spike in gas prices going into Memorial Day Weekend and the 4th of July weekend because people are hitting the road for the holidays.
Some of the other reasons for the spike in gas prices are explained in this article by AAA via Clarksville Online AAA says expect High Gas Prices for Independence Day Holiday Weekend - Clarksville, TN Online (clarksvilleonline.com)
Crude oil, and in turn gas prices, are more expensive compared to years past mostly due to three major factors: confidence in worldwide vaccination rollout, global oil demand spikes, and the easing of travel restrictions leading to optimism for leisure travel.
Sure, $3 and over seems high but it's been higher in the past. Just be thankful we aren't paying California prices where it's around $6 a gallon.
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