Nationwide gas price average nears $5, Minn. at $4.66
The nationwide average price for a gallon of gas hit a new record Tuesday, according to the American Automobile Association (AAA.)
According to AAA, the average price for a gallon of regular gas in the U.S. rose to $4.91.
Minnesota’s average, as of Tuesday, was at $4.66.
This comes a day after 5 EYEWITNESS NEWS reported experts say prices could remain at record highs for months, or longer.
University of St. Thomas professor of finance David Vang said there are multiple reasons behind rising prices: Supply and demand, political uncertainties and surpluses in previous years have created a perfect storm.
“Because we had a surplus (last year), and they cut back on production, and they’re not ramping up right now, there’s a kind of a misbalance (with) our supply not up to where our consumption levels are,” Vang said.
Experts suggest the following quick tips to get better mileage amid rising prices:
- Make sure there’s enough air in your vehicle’s tires.
- Properly maintain your vehicle.
- Watch your speed.
- Plan your route in advance.
- Don’t idle too much.
- Coast to stop lights.
- Fill up with gasoline designated as “Top Tier.”