Gas prices rising across US to July 2015 levels
CHICAGO — Gas prices are rising with the national average at $2.68 per gallon of regular unleaded, the priciest since July 2015, according GasBuddy's figures Thursday morning, April 12.
The crowd-sourced gas price compiler said the sudden surge can be blamed on oil prices surging to nearly $67 per barrel, the highest level since 2014, on fears of military action in Syria and trade conflict with China.
U.S. oil inventories are also 20 percent lower than a year ago, GasBuddy said in a release, the result of higher crude oil exports and OPEC's agreement to cut oil production, now in its 15th month.
In Fargo on Thursday morning, gas prices averaged $2.40. Across the river in Moorhead, Minn., the average price was $2.49. The average price in North Dakota was $2.55. Most Bismarck locations were $2.59, $2.49 in Grand Forks, $2.36 in Dickinson and $2.59 in Minot. In Minnesota, most in Bemidji and Duluth were $2.48, $2.44 in Willmar and $2.41 in Brainerd.