Gas Is 94 Cents A Gallon. How Low Will Gas Prices Go in Minnesota?
According to Gas Buddy, Red Wing, MN is seeing gas as low as 94/95 cents a gallon (as of this writing)...and it'll probably go lower than that! How low? Let's find out.
A combination of two things have brought us gas prices we haven't seen in a long long time. An oil production war between OPEC (Organization of the Petroleum Exporting Countries) and Russia have pushed the price per barrel super low.
The second thing is supply vs demand. The Coronavirus and sheltering in place, social distancing, etc, have cut our driving down a lot. A LOT. So, with a big supply of gas, but not much demand, the prices go down.
How low could they go? Gas Buddy says as low as seventy-five cents a gallon!
It's kinda dry, but the info is here in this video.
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