gaspumphandlesCSi August 8, 2016- Average retail gasoline prices in North Dakota have fallen 2.4 cents per gallon in the past week, averaging $2.15/g yesterday, according to GasBuddy’s daily survey of 493 gas outlets in North Dakota. This compares with the national average that has fallen 0.5 cents per gallon in the last week to $2.12/g, according to gasoline price website GasBuddy.com.

 

Including the change in gas prices in North Dakota during the past week, prices yesterday were 48.0 cents per gallon lower than the same day one year ago and are 9.1 cents per gallon lower than a month ago. The national average has decreased 12.1 cents per gallon during the last month and stands 47.8 cents per gallon lower than this day one year ago.

 

According to GasBuddy historical data, gasoline prices on August 8 in North Dakota have ranged widely over the last five years:

$2.63/g in 2015, $3.44/g in 2014, $3.64/g in 2013, $3.73/g in 2012 and $3.74/g in 2011.

 

Areas nearby North Dakota and their current gas price climate:

Sioux Falls- $2.00/g, up 9.5 cents per gallon from last week’s $1.91/g.

Fargo- $1.99/g, flat  from last week’s $2.00/g.

South Dakota- $2.20/g, up 1.5 cents per gallon from last week’s $2.19/g.

 

“Government EIA data last week showed a sizable draw on gasoline inventory followed by a strong jobs report, with new jobs for July reaching 255,000.  And consequently, WTI crude oil ended the week nearly $3 higher than where it began,” said Gregg Laskoski, senior petroleum analyst for GasBuddy.

 

“While that may create a brief pause early this week in the decline of retail gasoline, we expect that the prevailing price trend (incremental decline) will resume shortly, barring any additional refinery problems in the midwest, or, potential Atlantic hurricane activity.”

 

For LIVE fuel price averages, visit http://media.gasbuddy.com.

 

About GasBuddy.com

 

GasBuddy is the premiere source for real-time local gas prices. Founded in 2000, GasBuddy.com developed as an initiative to provide consumers access to local, current gas prices. Through the GasBuddy.com website and the free GasBuddy mobile app, users can find and share gas prices with fellow drivers, saving big money at the pump.