Time to fill ‘er up. Gasoline at Kwik Trip in Kellogg for regular unleaded has fallen has dropped below the psychologically important $3 a gallon. Too bad you can’t stockpile the stuff. Image: Steve Lunde
Multiple factors driving gas prices down
KELLOGG, Minn. – Motorists tooling into the busy Kwik Trip off U.S Highway 61 on Kellogg’s outskirts were filling up at $2.89 a gallon – the lowest in months. Search far enough in the region and you could prices as low at $2.79. Nationally the average was $3.23. The American Automobile described it as a “torrid pace of decline,” sinking six cents in a week. The national average was $3.85 a year ago. Why this is happening:
> The Organization of Petroleum Exporting Countries is increasing oil production globally.
> U.S. refiners are switching to less costly winter bends and selling off more expensive summer supplies.
> The U.S. domestic demand typically falls off in the fall with less travel.
Minnesota sampler
> Lewiston: Kwik Trip, $2.95.
> Plainview; Kwik Trip, $3.08.
> St. Charles: Cenex, Kwik Triip, Love’s, $2.85.
> Wabasha: Handy Mart, Kwik Trip, $2.89
> Winona: Kwik Trip, $3.09.
Wisconsin sampler
Arcadia: Holiday, $2.89.
LaCrosse: Kwik Trip, $2.79 to $2.89.
Mondovi: Cenex, $2.74.