Montana Gas Prices Finally Fall in Back-to-Back Weeks

Missoula, MT (KGVO-AM News) - Montana gas prices have dropped in back-to-back weeks for the first time in months. Patrick De Haan is the head of petroleum analysis at GasBuddy, and he provided the current numbers.   

“Average gasoline prices in Montana have fallen 5.3 cents per gallon in the last week, averaging $4.51 per gallon today,” De Haan said. “Prices in Montana are 13 cents per gallon higher than a month ago and stand $1.40 per gallon higher than a year ago."   

As of Tuesday morning, the two stations at the corner of Reserve and Mullan in Missoula were charging $4.38, which is a 10-cent decrease from last week. The two stations at the corner of South Avenue and Reserve Street were charging $4.46 and $4.55. Another station on Reserve was charging $4.48. According to GasBuddy price reports, the cheapest station in Montana was priced at $3.99 per gallon yesterday, while the most expensive was $5.49 per gallon.  

Montana is currently ranked 11th in the U.S. when it comes to the average price of gas, which is one spot higher than last week.   

"The national average price of gasoline has fallen 12.5 cents per gallon in the last week, averaging $4.30 per gallon today,” De Haan said. “The national average is up 19.3 cents per gallon from a month ago and stands $1.22 per gallon higher than a year ago. The national average price of diesel has decreased 14.2 cents compared to a week ago and stands at $6.31 per gallon.”   

READ MORE: Montana Gas Prices Slightly Drop For the First Time in Four Weeks

De Haan said average gasoline prices fell in 48 states over the last week, with diesel declining in 48 states as well, as a broad-based retreat brought relief to motorists across much of the country. 

"The largest declines were seen in Georgia and Ohio, where recently enacted fuel tax cuts amplified the drop, while price-cycling Florida and much of the Midwest also joined the broader downward trend,” De Haan said. “For now, declines may continue in a majority of states, though some price-cycling markets are at risk of an upward swing in gas prices in the days ahead. While oil shipments through the Strait of Hormuz are rising, refineries behind the Strait are not yet fully able to move products through, keeping gasoline and diesel prices elevated relative to what crude oil levels alone might suggest."