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Less pain at the pump: Minnesota gas prices fall

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Less pain at the pump: Minnesota gas prices fall


Minnesota drivers are feeling extra reduction on the pump this month as fuel costs fall throughout the state.

Driving the information: The common value per gallon of normal fuel in Minnesota hit $3.68 final week, per the U.S. Vitality Data Administration, down 20 cents from Aug. 22, and greater than $1 from peak costs in June.

Why it issues: Falling costs nationwide are assuaging a few of the summer season’s inflation-driven ache, Axios Markets co-author Matt Phillips writes.

  • In response to AAA, the nationwide common for a gallon of normal fuel was $3.74 on Friday, greater than 25% decrease than the June peak.

Flashback: On June 13, the common value of a gallon in Minnesota hit $4.75.

Zoom in: AAA’s information suggests costs stay barely larger within the Twin Cities, the place a gallon will value you $3.70 on common.

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Between the traces: Hovering costs this summer season set the stage for the price of fuel to be a prime problem within the midterm campaigns, as Republicans hammered Democrats on probably the most tangible results inflation has on voters’ private funds.

  • Dropping costs may soften the blow of these assaults towards President Biden and Democrats, together with in prime Minnesota races.

Sure, however: The costs are nonetheless quite a bit larger than this time final yr, when EIA information reveals Minnesotans may count on to refill for underneath $3 a gallon.

What we’re watching: Futures costs for the wholesale gasoline benchmark “reformulated blendstock for oxygenate mixing,” or RBOB, are down greater than 10% over the past 10 buying and selling classes, Phillips notes.

  • That implies decrease retail costs are nonetheless to return.

What’s subsequent: The subsequent month-to-month Shopper Value Index report comes out this morning.

  • These figures may give a greater sense of what the decrease fuel costs imply for total inflation.



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Minnesota

Minnesota United transfer Victor Eriksson to Swedish club | MLSSoccer.com

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Minnesota United transfer Victor Eriksson to Swedish club | MLSSoccer.com


TRANSFER TRACKER STATUS: Transfer

The 23-year-old defender joined Minnesota in January, though made just four appearances (two starts) at the first-team level. Now, Eriksson returns to Sweden after previously making 115 appearances for Värnamo.

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“We thank Victor for his time at Minnesota United and we wish him the best of luck in his future,” MNUFC chief soccer officer and sporting director Khaled El-Ahmad said in a statement. “Hammarby are a big club and when this opportunity presented itself, we mutually agreed that his return to Sweden is the best move for him to continue his playing career.”

The Loons are fifth in the Western Conference and could add reinforcements during the Secondary Transfer Window (July 18 – Aug. 14), the club’s first under head coach Eric Ramsay and El-Ahmad.

Hammarby sit fourth in the Allsvenskan after 12 games, one spot shy of a Europa Conference League qualifier spot.

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FEMA approves federal disaster declaration for 22 Minnesota counties

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FEMA approves federal disaster declaration for 22 Minnesota counties


The Minnesota governor’s office announced that the Federal Emergency Management Agency (FEMA) approved a federal disaster declaration for 22 counties in Minnesota impacted by flooding. 

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The purpose of a federal disaster declaration is to provide resources to reimburse communities for debris removal, emergency protective measures as well as repair and replacement of damaged infrastructure, according to a government officials.

Gov. Tim Walz and FEMA officials gave an update on the state’s flood outlook Friday morning. That news conference can be seen above. 

The approved counties include the following: 

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  • Blue Earth
  • Carver
  • Cass
  • Cook
  • Cottonwood
  • Faribault
  • Fillmore
  • Freeborn
  • Goodhue
  • Jackson
  • Lake
  • Le Sueur
  • Murray
  • Nobles
  • Pipestone
  • Rice
  • Rock
  • St. Louis
  • Steele
  • Wabasha
  • Waseca
  • Watonwan

Officials say damage assessments are ongoing and other counties along with other forms of assistance may be added following the assessments’ completion. There are currently 20 other counties under review for federal disaster declaration funds.

Gov. Walz released the following statement on FEMA’s approval: 

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“I’ve seen the damage across our state firsthand – it’s going to take a united effort at every level of government to quickly rebuild and recover. This assistance is going to make all the difference in that recovery. I’m grateful to our partners in the federal government for doing their part, just as Minnesotans have done theirs, filling tens of thousands of sandbags, checking in on their neighbors, and volunteering their time.” 

Earlier this week, Gov. Walz sent a letter to President Joe Biden requesting a Presidential Disaster Declaration. A copy of that letter can be seen below: 



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Disaster declaration approved for Minnesota

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Disaster declaration approved for Minnesota


MANKATO, Minn. (KEYC) – A major disaster declaration has been declared for Minnesota.

President Biden declared a major disaster in the State of Minnesota and ordered Federal aid to supplement State, tribal, and local recovery efforts in the areas affected by severe storms and flooding beginning on June 16, 2024, and continuing. 

Federal funding is available to state, tribal, and eligible local governments and certain private nonprofit organizations for emergency work and the repair or replacement of facilities damaged by the severe storms and flooding.

Counties include: Blue Earth, Carver, Cass, Cook, Cottonwood, Faribault, Fillmore, Freeborn, Goodhue, Jackson, Lake, Le Sueur, Murray, Nobles, Pipestone, Rice, Rock, St. Louis, Steele, Wabasha, Waseca, and Watonwan. 

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Damage assessments are continuing and more counties and additional forms of assistance, including personal assistance, may be designated after the assessments are fully completed.

Click here to download the KEYC News Now app or our KEYC First Alert weather app.



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