Gas prices have been on a steady decline in Central Minnesota and throughout the country for the last few months. St. Cloud State Dean, School of Public Affairs and Economics professor King Banaian joined me on WJON. He says the reason for this trend is the demand for gas just isn't there.
Gas prices has been on the steady decline in the past few weeks. St. Cloud State Dean, School of Public Affairs and Economics Professor King Banaian joined me on WJON. He says there are a couple of reasons for the decline in gas prices. Banaian says people are driving less which means there is extra gas to move.
Gas prices have come down 15 to 20 cents over the past couple of weeks. St. Cloud State Dean, School of Public Affairs and Economics Professor King Banaian joined me on WJON. He says the demand for gas remains high so he doesn't see prices coming down very much.
Gas prices in the St. Cloud area range largely from $4.19 to $4.34 as of Wednesday night. The possibility of seeing gas prices reaching $5,00 a gallon is very real this summer. St. Cloud State Dean, School of Public Affairs and Economics professor King Banaian joined me on WJON.
Gas prices in the St. Cloud area have come down a bit in the last week. St. Cloud State University Economist King Banaian joined me on WJON this week. He says President Biden's decision to release 180 million barrels of oil from the Strategic Petroleum Reserve is reducing the price of gas at least in the short term.
Gas prices have stabilized a bit in the last couple of weeks with most pumps at $3.89 to $3.94 today. St. Cloud State Economist and Dean School of Public Affairs, King Banaian joined me on WJON today. Banaian expects gas prices to be on the slow increase, barring anything unforeseen, through spring into the summer months.
Gas prices are on the rise again despite what is normally a time of year when gas prices drop. St. Cloud State University Economics professor King Banaian joined me on WJON today. He says two things have been influencing the increase in prices.
Gas prices were virtually unchanged in the past week. More on this here. St. Cloud State Economist and Dean, School of Public Affairs joined me on WJON this week. He says slowly but surely OPEC has decided to increase their supply by pumping a little bit more.