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N. Dakota gas prices still declining, but rise expected soon

BISMARCK, N.D. — The average retail price of a gallon of gasoline in North Dakota has dropped further below $2, but prices are expected to start going in the opposite direction soon.

The average price in the state has fallen more than 2 cents during the past week, to $1.97 per gallon, GasBuddy.com reported Monday. The national average is $2.02 per gallon.

Prices in North Dakota are 42 cents per gallon lower than a month ago and nearly $1.25 lower than a year ago, due to a decline in oil prices. The last time gas prices dropped below $2 in the state was nearly six years ago, in March 2009, according to Gene LaDoucer, North Dakota spokesman for AAA.

Motorists should expect prices to start rising soon, however, GasBuddy Senior Petroleum Analyst Patrick DeHaan said. Refineries have been producing less gas, and there soon will be a seasonal rise in prices as refineries conduct maintenance and shift over to summer gasoline blends.

“Last year’s lift began the second week of February and saw the upward trend last until the beginning of May, during which the national average saw a rise of 35 cents a gallon,” DeHaan said. “This year we’re expecting a similar rise.”

LaDoucer said the average price is still likely to remain under $3 for the entire year.

In related news, What factors contribute to the price of gas?

This article was from The Associated Press and was legally licensed through the NewsCred publisher network.

15 comments

  1. Greed plain and simple. Then u got the Feds and states crying for money cus roads r falling apart. Shame on all of you.

    • Corporate greed. Oil field workers wouldn’t be losing jobs if a small group of oil executives and CEO’S were not holding on to all the money. Bakken oil is still making record profits despite oil prices being low. Don’t be fooled by the propaganda being fed to us by the oil industry

    • I’m not fooled. We are very integrated in the oil industry. We’ve been directly related to the oil industry for years now and our company is hovering above operating costs. That’s with cutbacks and taking pay cuts. What happens when 90% of your rig fleet gets stacked? You lay people off. You can only cut so far. These companies have to make profits to pay taxes, fines and employees.

    • And if you want to talk about greed maybe you should look at the Saudis

    • Absolutely. Another reason to get away from Saudi oil. Not to mention the wonderful job creator it would be if the United States would do so

  2. No they are not north Dakota has had happened three times. Now good luck

  3. They aren’t rising anytime soon. Raiding false hopes doesn’t help oilfield families.

  4. Yes gas will go up and oil will stay low. That way when the oil go’s up the gas will go up to 5.00!

  5. Paid 1.77 a gallon today in tex

  6. Yes, gas will go back in April, all the farmers

  7. Cont..will be getting in the fields..