Sections

Weather Forecast

Close

Gas prices rising across US to July 2015 levels

Thinkstock

CHICAGO — Gas prices are rising with the national average at $2.68 per gallon of regular unleaded, the priciest since July 2015, according GasBuddy's figures Thursday morning, April 12.

The crowd-sourced gas price compiler said the sudden surge can be blamed on oil prices surging to nearly $67 per barrel, the highest level since 2014, on fears of military action in Syria and trade conflict with China.

U.S. oil inventories are also 20 percent lower than a year ago, GasBuddy said in a release, the result of higher crude oil exports and OPEC's agreement to cut oil production, now in its 15th month.

In Fargo on Thursday morning, gas prices averaged $2.40. Across the river in Moorhead, Minn., the average price was $2.49. The average price in North Dakota was $2.55. Most Bismarck locations were $2.59, $2.49 in Grand Forks, $2.36 in Dickinson and $2.59 in Minot. In Minnesota, most in Bemidji and Duluth were $2.48, $2.44 in Willmar and $2.41 in Brainerd.

Forum News Service

The Forum Communications News Service is the premier news wire service covering the Upper Midwest, including the Dakotas, Minnesota and Wisconsin. In addition to breaking and enterprise news, we offer a wide variety of sports, features, business, agriculture, outdoors and opinion content. For more information about the services we offer or to discuss content subscriptions, please contact us.

Advertisement
randomness