Introduction to Rising Gasoline Prices
Gasoline prices have been increasing across Minnesota, and it’s essential to understand the factors contributing to this rise. The state is accustomed to seasonal price fluctuations, particularly during the spring when refiners switch from the winter blend to the more expensive summer blend. However, due to ongoing global events and other factors, gas prices have continued to climb even after Memorial Day.
Seasonal Price Increases
The National Association of Convenience Stores notes that these seasonal spring increases usually spike around Memorial Day. This year, though, the prices have not decreased after the holiday. Instead, they have kept rising due to various factors, including the unrest in the Middle East between Israel and Iran. As of June 23, 2025, the statewide average in Minnesota is $3.10 a gallon, which is an increase of over 17 cents a gallon from the previous week.
Regional Variations in Gas Prices
Some areas in Minnesota have seen gas prices rise above the statewide average. In Rochester, the state’s third-largest city, prices have climbed to between $3.14 and $3.18 a gallon at many stations. This variation in prices across different regions of the state highlights the complexity of the gas market and how prices can be influenced by local conditions.
Impact of Global Events on Gas Prices
After the U.S. air strikes on Iranian nuclear facilities over the weekend, there are concerns that gas prices might spike even more in Minnesota. However, according to industry expert GasBuddy’s Patrick De Haan, while prices will likely continue to increase, there won’t be a huge spike initially. De Haan expects the national average price of gasoline to rise an additional 10-30 cents a gallon in the days ahead.
Historical Context of Gas Prices in Minnesota
Minnesota has seen significant fluctuations in gas prices over the past few years. During the early days of the pandemic in 2020, when demand for crude oil fell, gas prices hit a low for that year in mid-April 2020 of around $1.65 a gallon. On the other hand, fueled by Russia’s war with Ukraine, inflation, and other factors, gas prices skyrocketed just a few years later, hitting a record high of $4.75 a gallon in the state on June 15th, 2022.
Conclusion
In conclusion, gas prices in Minnesota are expected to continue rising, albeit slowly, due to a combination of seasonal factors, global events, and market conditions. While there might be localized price spikes, the overall trend is likely to be a steady increase. Understanding these factors can help consumers prepare for the potential rise in gas prices and make informed decisions about their transportation needs. As the situation continues to evolve, it’s essential to stay updated on the latest developments and their impact on the gas market in Minnesota.
