Struggling economy good for gas buyers - KTTC Rochester, Austin, Mason City News, Weather and Sports

Struggling economy good for gas buyers

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ROCHESTER, Minn. (KTTC) -- Typically when you mention a struggling economy it's taken as bad news... but not in regards to the oil industry.  As oil prices plunge so do prices at the pump - and the result is good news to drivers in our area.  And experts say... that trend is going to continue.

"It's nice but still super high," said shuttle bus driver John Delmundo of Rochester.

Nationwide the price at the pump is slipping lower...knocking 30 cents off per gallon of unleaded since the start of April.  When prices are on the rise, tempers can follow suit.  In Delmundo's case there are other reasons to get angry.  "Every time I come in, I get my gas and then it lowers like four more cents the day after I get my gas.  So that's really frustrating."


According to GasBuddy.com, the Average Price for a gallon of unleaded in the U.S. is $3.50.
The State of Minnesota is just a hair below that coming in at $3.47 and Iowa even lower at $3.40.

However driving around Rochester, pumps could be found as low as $3.34 per gallon.

Pros and cons:

If everyone spent less at the pumps that would mean more money in your pocket to use for anything other reason.  The downside is that the gas prices reflect the U.S. and global economic conditions.
 

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