ST. PAUL, Minn. – A backed-up supply of petroleum likely will keep prices at the recent lower levels at least another month, maybe longer, says a University of St Thomas economist. Dave Vang said that U.S. refiners began building inventories in the fall in anticipation of political instability in the oil-rich Middle East. “It was kind of nice that the drop in prices happened before the Thanksgiving holiday,” Vang, told a KSTP interviewer. Will lower prices last? Consumer demand has grown in recent weeks, which is draining inventories and may drive prices up, Vang said. And, he added, who knows what’s next in the Middle East.
Vang. Finance professor at University of St. Thomas.
Image: American Automobile Association
Per gallon
Red counties: $2.91 to $3.14
Pink: $2.88 to $2.91
White: $2.83 to $2.88
Pale blue: $2.78 to $2.83
Dark blue: $2.65 to $2.78
Around Winona
Cenex (St. Charles): $2.58
Kwik Trip (St. Charles): $2.58
Love’s (St. Charles): $2.59
Kwik Trip (Lewiston): $2.69
Sinclair (St. Charles): $2.69
Kwik Trip (Fountain City): $2.73
Cenex (Centervlle): $2.73
Kwik Trips (Winona): $2.78
Minnoco (Winona): $2.78
Sinclair (Winona at Mankato Avenue): $2.78
Sinclair (Winona at West Service Drive:0 $2.84