Gas Prices

Gas prices for the Labor Day weekend are lining up to be about a quarter less than last year.

Motorists in North Dakota and across the country are paying less at the pump as gas prices continue to move lower.

The price of gas in North Dakota slipped slightly last week but remains six cents above the statewide average of one month ago. Meanwhile, the national average fell two cents last week and is four cents lower than one month ago.

U.S. gasoline demand hit the highest level ever recorded during the week of June 14, yet pump prices continue to move lower across the country.

When it comes to filling-up at the pump, Americans are changing their perception of what they consider “too expensive.” AAA’s 2019 Gas Price survey found that 50 percent of consumers think paying $3 per gallon is too high – an increase of 30-cents from last year when half of consumers reported $2.70 as too expensive. That 2019 price point is also 50 cents more than in 2016, when half of consumers thought $2.50 was too much to pay at the pump. The good news is that the highest prices of the year may be in the rearview mirror.

North Dakota gas prices saw a slight decline last week indicating a possible early spring peak. Typically leading up to Memorial Day, ongoing refinery maintenance and healthy consumer demand contribute to pump prices increasing.

Gas prices continue to rise, hitting the highest levels for this date since 2014.