FARGO (KFGO) – For the first time in more than six years, the average price for a gallon of regular gas in North Dakota has hit $3 according to AAA.
The current average is up 14-cents from a month ago and 90 cents from this time last year; however, it remains 14 cents below the national average of $3.14. The last time North Dakota drivers paid $3 a statewide average of $3 for gas was Nov. 18, 2014.
Fuel prices have moved higher on a sharp increase in the cost of crude oil. Crude oil prices recently traded above $76, a level not seen since November 2014. The price for a barrel of oil has slipped below $72 Thurs. bringing some hope that prices at the pump may soon peak.
“Robust gasoline demand and more expensive oil have pushed gas prices higher,” said Gene LaDoucer, regional public affairs director for AAA. “An increase in crude oil production to meet growing global demand is needed to bring some relief to motorists.”
North Dakota motorists can still purchase gas for less than $3 at 70% of the state’s convenience stores and stations.
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