St. Cloud State Interim Dean, School of Public Affairs and Professor of Economics King Banaian joined me on WJON today. He talked about the low than normal gas prices, the Christmas shopping season, the St. Cloud airport viability and more.
With a busy travel week ahead of us, Americans are giving thanks for lower gas prices. The website GasBuddy.com says the average gas price in the United States is at $2.80 - that's .44 cents lower than a year ago.
The national average price of gasoline increased 14 cents per gallon in July, which was the largest monthly increase since February. The average price of fuel in July was $3.58 per gallon, the third-highest average on record for the month.
Gas prices in Minnesota have eased a bit. Increased supplies have caused prices to drop after hitting an all-time high last week. The travel group AAA says the average gas price peaked at $4.28 a gallon last week statewide, but dropped to $4.05 Monday.