Grand Forks drivers enjoy lower gas pricesDrivers around Grand Forks have seen lower gas prices in the last few weeks. Gas prices have been considerably lower than they were at the start and middle of summer.
By: Michael Yoshida, WDAZ
Drivers around Grand Forks have seen lower gas prices in the last few weeks. Gas prices have been considerably lower than they were at the start and middle of summer.
Around Grand Forks today, gas prices are what they've been for the last few weeks, $3.39 for regular unleaded fuel.
According to AAA, that's nearly a dollar less than what record prices averaged in late May and almost 40 cents less than what prices were this time last year. This trend is comparable to other major cities in North Dakota.
Bismarck and Fargo have both seen prices drop between 40 and 50 cents compared to last year. In May both cities also experienced record highs for the average price for regular unleaded fuel. Lower prices that both suppliers and consumers of gasoline are noticing.
"Obviously it's better for everybody when the prices are low. We sell more product. People are more apt to take that vacation and get out and see loved ones," said Scott Dusterhoft, President of Dusterhoft Family Stores.
Noelle: "This weekend I'm going home to Bismarck so I have to take gas prices into consideration when I go home because it takes almost a full tank to get home and back," said UND student Noelle Bachman.
Gas prices are affected by a variety of factors including supply and demand speculation, the prices of crude oil and government regulations.
It's hard to predict how long we will stay at this price as prices are impacted by those three factors. However, local gas station owners say that right now they speculate that prices will remain at similar levels.