WINONA. Minn. – The fare at the fuel pump fell about 5% in recent days. It was below $4 a gallon at most Winona stations. Experts predict a continuing downward trajectory after the spike that had been triggered. by Russia’s invasion of Ukraine. The recent drop reflects complex new dynamics. One factor is futures trading that reflects growing concern that the global economy may slow as central banks move aggressively to combat inflation. Also’ President has moved U.S. naval oil reserves into the domestic supply chain Meamwhile. Minnesota Governor Tim Walz has relaxed caps on the hours that truckers can be on the road. Walz’s idea is to keep gasoline flowing from refineries and avoid supply shortages that could lead to hire prices.
Earlier: Gasoline prices easing in Minnesota
3.99 for unleaded. At the busy Gordie’s station on Huff Street near Sarnia. Image: Steve Lunde