North Dakota gas prices held steady last week after recording a jump of 13 cents during the first three weeks of January.
Today’s average price for a gallon of regular gas is $2.30. One month ago the average stood at $2.17 while one year ago it was $2.41. Price gains were limited last week by ongoing market concern that fuel demand may take more time than expected to recover in 2021 due to new coronavirus infections and associated travel restrictions.
Gas prices had been inching up with crude oil prices leading the rally. For three weeks, crude has traded between $52 and $53 per barrel, price points not seen since mid-February 2020. Gas prices are expected to continue to increase as long as crude remains at these price points or higher.
Nationally, the average price increased six cents last week. It currently stands at $2.42.
For more information on gas prices and a gas price calculator for trip planning, visit www.AAA.com/gas.