Twin Cities gasoline prices got a real jolt today went the price of a gallon of gasoline jumped by more than 20 cents a gallon, to $3.80.
The last time we were in this territory was August 2008.
It’s not terribly hard to figure out what’s up: Higher oil prices for one.
|Minnesota Historical Gas Price Charts Provided by GasBuddy.com|
Experts says the commodity jumped on reports the war in Libya could last for months, possibly years. Libya is responsible for about 2 percent of the world’s oil supply. But refiners are also switching to their “summer blends,” for the summer driving season.
This is a good time to resurrect our gas price calculators. Some of these are outdated but one of my favorites is still the one that calculates whether it’s worth driving a little farther to save a few pennies a gallon.