Montana Gas Prices Jump For the First Time in Almost Two Months

Missoula, MT (KGVO-AM News) - After dropping seven weeks in a row, Montana gas prices have taken a significant jump. Patrick De Haan is the head of petroleum analysis at GasBuddy, and he provided the current numbers.            

“Average gasoline prices in Montana have risen 20.8 cents per gallon in the last week, averaging $4.13 per gallon today,” De Haan said. “Prices in Montana are 8.3 cents per gallon lower than a month ago and stand 88.9 cents per gallon higher than a year ago."                       

As of Monday morning, the two stations at the corner of Reserve and Mullan in Missoula were charging $3.99, which is a 17-cent decrease from last week. The two stations at the corner of Reserve and South were charging $4.06. According to GasBuddy price reports, the cheapest station in Montana was priced at $3.75 per gallon yesterday, while the most expensive was $5.99 per gallon.                          

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Montana is currently ranked 13th 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 risen 13.0 cents per gallon in the last week, averaging $3.95 per gallon today,” De Haan said. “The national average is up 6.5 cents per gallon from a month ago and stands 85.7 cents per gallon higher than a year ago. The national average price of diesel has increased 22.3 cents compared to a week ago and stands at $5.07 per gallon.”         

READ MORE: Montana Gas Prices Drop For Six Straight Weeks After Record Highs

De Haan said average gasoline and diesel prices rose in nearly every state for the second straight week, with the national average price of gasoline likely to reach $4 per gallon within the next 48 hours and diesel already back above $5 per gallon nationally. 

"While the ongoing U.S.-Iran situation continues to weigh on markets, the story is increasingly less about crude oil and more about global refining capacity — the Strait of Hormuz remains closed while continued Ukrainian attacks on Russian refineries further squeeze an already strained supply picture," De Haan said. "With WTI crude approaching $85 per barrel in Sunday night trading, price-cycling markets are likely to see another jolt higher in the coming days, and motorists should brace for a rougher stretch ahead."