Gas In Montana Dropped 4 Cents But Ranks Among Priciest In The Nation
Missoula, MT (KGVO-AM News) - Montana gas prices have slightly dropped in back-to-back weeks after two weeks of significant increases. Patrick De Haan is the head of petroleum analysis at GasBuddy, and he provided the current numbers.
“Average gasoline prices in Montana have fallen 4.7 cents per gallon in the last week, averaging $4.23 per gallon today,” De Haan said. “Prices in Montana are 31.1 cents per gallon higher than a month ago and stand $1.02 per gallon higher than a year ago."
As of Monday morning, the two stations at the corner of Reserve and South were charging $4.09. According to GasBuddy price reports, the cheapest station in Montana was priced at $3.86 per gallon yesterday, while the most expensive was $5.34 per gallon.
Montana is currently ranked 10th in the U.S. when it comes to the average price of gas, which is two spots higher than last week.
"The national average price of gasoline has fallen 10.7 cents per gallon in the last week, averaging $3.94 per gallon today,” De Haan said. “The national average is up 9.5 cents per gallon from a month ago and stands 85.6 cents per gallon higher than a year ago. The national average price of diesel has decreased 5.1 cents compared to a week ago and stands at $5.28 per gallon.”
READ MORE: Montana Gas Prices Drop But Still Sit $1 Over Last Year's Average
De Haan said average gasoline prices declined in 47 states over the last week while diesel fell in 39.
"Diesel's decline was roughly half that of gasoline, in part due to continued pressure on refined product markets from ongoing Ukrainian attacks on Russian oil refineries," De Haan said. "However, the wild ride continues. Iran is pushing back against a reopening of the Strait of Hormuz, and oil prices edged modestly higher in Sunday night trading, signaling that the recent relief may not last. With the Strait remaining closed, upward pressure on fuel prices could return quickly, and if things don't go well, the national average could climb to its highest level ever recorded this late in the calendar year."
For now, De Haan said to enjoy the dip, but keep a close eye on how the Strait situation develops in the days ahead.
LOOK: See how much gasoline cost the year you started driving
Gallery Credit: Sophia Crisafulli
