Gas prices have been on the steady decline for the past few months. St. Cloud State Economist King Banaian joined me on WJON. He explained United States production of oil has reached an all time high surpassing the highs established pre-pandemic.
Average gasoline prices in Wyoming have fallen 4.3 cents per gallon in the last week, averaging $3.84/g today, according to GasBuddy's survey of 494 stations in Wyoming.
If you haven't noticed, gas prices here in Sioux Falls and throughout South Dakota have significantly spiked over the past 72 hours. So, what's driving our latest pain at the pump?