Montana Gas Prices Dip Again After Weeks Of Rising Costs

Missoula, MT (KGVO-AM News) - Average gas prices in Montana have increased in 23 out of 32 weeks. However, prices have dropped two weeks in a row. Patrick De Haan is the head of petroleum analysis at GasBuddy, and he provided the current numbers.   

“Average gasoline prices in Montana have fallen 2.3 cents per gallon in the last week, averaging $3.21 per gallon today,” De Haan said. “Prices in Montana are 5.2 cents per gallon lower than a month ago and stand 28.8 cents per gallon lower than a year ago.”   

As of Monday morning, many stations in Missoula 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 $4.19 per gallon.  

Montana is currently ranked 12th in the U.S. when it comes to the average price of gas, which is one spot higher than last week.   

After rising for two straight weeks, De Haan said the national average price of gasoline saw a slight decline in the last week. 

"The national average price of gasoline has fallen 2.7 cents per gallon in the last week, averaging $3.08 per gallon today,” De Haan said. “The national average is down 7.0 cents per gallon from a month ago and stands 32.3 cents per gallon lower than a year ago. The national average price of diesel has decreased 1.8 cents in the last week and stands at $3.69 per gallon.”   

READ MORE: Montana Gas Prices Drop Slightly: What You Need To Know

According to De Haan, oil prices fell below $64 per barrel, paving the way for prices to ease in most states. 

“Price-cycling markets again saw the largest weekly swings, with Florida and Michigan cycling upward, while Indiana and Ohio experienced sharp declines but may be due for jumps this week,” De Haan said. “As we approach the peak of hurricane season, forecasts are showing favorable conditions for tropical development, so we’ll be watching closely for any potential impact on supply and prices as Labor Day nears.”