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North Dakota retail gasoline prices took a sudden jump. (Image: Patrick Emerson via Flickr)
North Dakota retail gasoline prices took a sudden jump. (Image: Patrick Emerson via Flickr)

Average North Dakota gas price jumps more than 12 cents

BISMARCK, N.D. (AP) — Gasoline prices are on the rise in North Dakota as the calendar turns to March.

GasBuddy.com reports that the average retail price of a gallon of gas in the state has risen more than 12 cents in the past week, to an average of $1.72. That’s according to a survey of nearly 500 gas outlets in North Dakota.

Despite the rise, the average gas price in North Dakota is still more than 60 cents a gallon cheaper than a year ago.

The national average increased about 4 cents per gallon in the past week, to $1.74. Senior Petroleum Analysist Gregg Laskoski says the rise was inevitable. He says the eight-month decline in prices at the pump has come to an end.

In related news, North Dakota oil drops by 29.5K barrels daily in December.

Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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