Missoula Sees Major Jump in Gas Prices This Month

Missoula, MT (KGVO-AM News) - Montana gas prices continue to rise at an alarming rate. Patrick De Haan is the head of petroleum analysis at GasBuddy, and he provided the current numbers.     

“Average gasoline prices in Montana have risen 22.3 cents per gallon in the last week, averaging $3.57 per gallon today,” De Haan said. “Prices in Montana are 82.9 cents per gallon higher than a month ago and stand 48.4 cents per gallon higher than a year ago."       

As of Monday morning, most stations in Missoula were charging $3.59, which is a 20-cent increase from last week and an 80-cent increase from three weeks ago. 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.             

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Montana is currently ranked 41st in the U.S. when it comes to the average price of gas, which is one spot lower than last week.           

"The national average price of gasoline has risen 24.3 cents per gallon in the last week, averaging $3.92 per gallon today,” De Haan said. “The national average is up 98.9 cents per gallon from a month ago and stands 84.1 cents per gallon higher than a year ago. The national average price of diesel has increased 27.0 cents compared to a week ago and stands at $5.23 per gallon.” 

READ MORE: Montana Gas Prices Surge: What to Expect Next

De Haan said gas prices continued to rise nationwide over the last week as seasonal factors, combined with ongoing supply concerns tied to the continued disruption in the Strait of Hormuz, pushed both gasoline and diesel prices sharply higher. 

“It now appears increasingly likely that the national average price of gasoline will reach the $4-per-gallon mark—potentially as early as this week—for the first time since 2022, while diesel prices are surging to multi-year highs, with some markets nearing record territory,” De Haan said. “There are few signs of stabilization so far, as global oil prices continue to climb and early indications suggest consumers may begin to pull back in response to the rapid pace of increases.”