DETROIT LAKES (KDLM) – The average for a gallon of gasoline in the Lakes Area has jumped more than 20 cents in the last two days, now at a record high of $4.49.
The national average is also at an all-time record of $4.67 a gallon.
AAA says seven states now average $5 a gallon or higher and prices are expected to continue to rise.
Analysts at GasBuddy.com, a tech company that operates apps and websites based on finding real-time fuel prices at more than 140,000 gas stations predicts gas prices to be above $5 a gallon nationwide within the next several weeks.
Low supply, strong demand and a recent deal to ban 90% of Russian oil imports by the European Union by the end of the year are said to be the main factors driving prices up.
Latest News
A tiny Arctic village in Alaska is trying to revive its polar bear tourism industry
A small Indigenous village in Alaska wants to reclaim its status as a top spot for polar bear tourism
41m ago
Democrat Josh Shapiro tests political muscle in swing-state Pennsylvania's midterms
Josh Shapiro may be heavily favored to win reelection as Pennsylvania governor, but that doesn’t mean there isn’t a lot on the line for him this year
41m ago
What to know if your flight is canceled amid rising jet fuel costs
Airlines around the world are canceling flights as the war in the Middle East squeezes global jet fuel supplies and pushes up prices
42m ago
Trump's 'gold card' visa starting at $1 million granted to just 1 person so far, White House says
President Donald Trump's “gold card” visa program, which allows foreigners to live and work in the U.S. for at least $1 million, has approved just one person since December, Commerce Secretary Howard Lutnick announced this Thursday
4h ago
FOLLOW US FOR INSTANT UPDATES!
FOLLOW US FOR INSTANT UPDATES!