How low will gas, grocery prices go in Minnesota?
As gas prices go, so go grocery prices. Technically, grocery prices are driven more by diesel prices than by regular unleaded the trends are often similar. According to this Alpha News article , the news is good for Minnesota drivers. It reports that "On Monday, the state's average price for regular unleaded stood at $3.86 per gallon, according to AAA, down from $4.41 a month ago." That's a 55-cent drop in a month. With the U.S.-Iran MOU to be signed this Friday, the Strait of Hormuz is expected to open. That Strait is where 20+ percent of the world's oil flows through. With the amount of oil freighters backed up in that little chokepoint, oil hasn't been getting to market. Once the blockade is over, there's likely to be a glut of supply. That's why it isn't difficult to picture a gallon of gas dropping below $3.00 a gallon by Labor Day. Once President Trump's blockade is over, the next big thing that the Administration will attack will be ener...