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Gas prices continue to slowly inch up

By Doug Barrett May 24, 2021 | 8:10 AM

The average U.S. price of regular-grade gasoline jumped 8 cents over the past two weeks to $3.10 per gallon.

Industry analyst Trilby Lundberg of the Lundberg Survey says the increase is attributed to supply disruption from the 10-day shutdown of the Colonial Pipeline following a cyberattack, and a rise in prices for corn, a key ingredient in corn-based ethanol that must be blended by refiners into gasoline.

The price at the pump is $1.05 higher than it was a year ago.

According to the Triple-A Fuel Survey the going rate in North Dakota is $2.84 a gallon.  That compares to $1.81 one year ago.  Minnesota’s average is also at $2.84.

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