Gasoline Prices Rising in Minnesota
A tight supply and increased demand are blamed for a recent rise in Minnesota gas prices. Triple-A’s Meredith Mitts says the statewide average is up a dime to three-dollars-and-78 cents a gallon:
“In the metro area we’re seeing the low three-80s and then if you get all the way up to the northeast sections that’s where we’re seeing those higher prices again…either because…in the metro you’re seeing higher demand or in other regions you’re seeing less availability to get the gas up there.”
Mitts says a refinery fire in Ohio has taken 160 thousand barrels of oil daily out of the market. OPEC (OH’-peck) also announced Wednesday that it is cutting oil production by two million barrels a day.