Slight Drop In Montana Gas Prices Offers A Glimmer Of Hope

Missoula, MT (KGVO-AM News) - Average gas prices in Montana have increased in 24 out of 34 weeks. Prices dropped this week, but just barely. Patrick De Haan is the head of petroleum analysis at GasBuddy, and he provided the current numbers.     

“Average gasoline prices in Montana have fallen 0.8 cents per gallon in the last week, averaging $3.22 per gallon today,” De Haan said. “Prices in Montana are 2.5 cents per gallon lower than a month ago and stand 21.6 cents per gallon lower than a year ago.”    

As of Monday morning, many stations in Missoula still had their prices set to around $3.24 per gallon.     

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According to GasBuddy price reports, the cheapest station in Montana was priced at $2.86 per gallon yesterday, while the most expensive was $3.89 per gallon.    

Montana is currently ranked 15th in the U.S. when it comes to the average price of gas, which is four spots lower than last week.     

"The national average price of gasoline has risen 3.4 cents per gallon in the last week, averaging $3.12 per gallon today,” De Haan said. “The national average is down 2.1 cents per gallon from a month ago and stands 18.3 cents per gallon lower than a year ago. The national average price of diesel has decreased 2.0 cents in the last week and stands at $3.65 per gallon.”     

READ MORE: Montana Gas Prices Remain Higher Than the National Average

According to De Haan, the national average saw a modest increase over the last week after storms temporarily knocked the Midwest’s largest refinery offline in Indiana, triggering sharp jumps in gas prices across Ohio, Wisconsin, and Michigan. 

“All of this is playing out while oil prices remain relatively stable in the low $60s,” said De Haan. “With no major hurricanes threatening the U.S. at the moment, the biggest wildcard remains any shifts in Russia’s war on Ukraine. For now, expect only moderate gas price fluctuations, with the potential for lower prices arriving later this fall.”