Tuesday, June 5, 2012

Analyst: Weak jobs report pushing down Twin Cities gas prices

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Twin Cities gas prices were up this past week.

Here are the average retail gas prices in the Twin Cities, according to TwinCitiesGasPrices.com.

  • Average price on June 4: $3.51
  • A week ago: $3.57
  • A month ago: $3.68
  • A year ago: $3.73
  • National average price on June 4: $3.60
  • Lowest price in the Twin Cities, June 4: $3.35 (Champlin)
  • Highest price in the Twin Cities, June 4, $3.99 (Bloomington)

>Click here to see all Twin Cities gas prices.

"With significant downward pressure on oil prices last week, motorists will continue to see prices sliding east of the Rockies, and even the West Coast will start to get in on the action, thanks to a supply situation that appears to be turning around," GasBuddy.com Senior Petroleum Analyst Patrick DeHaan said in a statement. "Also pushing down oil prices last week was a frightening jobs report, as well as continued concerns about European debt problems."

Ed Stych reports on Twin Cities breaking business news for mspbj.com, manages online features and writes the Workshop and Fast 50 Diary features for the print edition

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