Missoula, MT (KGVO-AM News) - Average gas prices in Montana increased for the first time in five months last week, and more increases are on the way. Patrick De Haan is the head of petroleum analysis at GasBuddy, and he provided the current numbers.

“Average gasoline prices in Montana have risen 2.1 cents per gallon in the last week, averaging $2.72 per gallon today,” De Haan said. “Prices in Montana are unchanged versus a month ago and stand 32.0 cents per gallon lower than a year ago."  

As of Monday morning, most stations in Missoula had their prices set to around $2.69 per gallon, which is a .10 cent decrease from last week. According to GasBuddy price reports, the cheapest station in Montana was priced at $2.52 per gallon yesterday, while the most expensive was $3.09 per gallon.        

Newstalk KGVO 1290 AM & 98.3 FM logo
Get our free mobile app

      

Montana is currently ranked 30th 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 risen 2.6 cents per gallon in the last week, averaging $2.87 per gallon today,” De Haan said. “The national average is up 4.9 cents per gallon from a month ago and stands 24.5 cents per gallon lower than a year ago. The national average price of diesel has increased 1.0 cents compared to a week ago and stands at $3.62 per gallon.”               

READ MORE: Montana Gas Prices Rose for the First Time in Five Months

The national average price of gasoline continues to grind higher, and while the pace of increases remains modest for now, De Haan said upward momentum could accelerate in the coming weeks as refinery maintenance intensifies and the broader transition to summer gasoline begins. 

“However, supply-side dynamics could temper that seasonal pressure,” De Haan said. “If OPEC+ proceeds with resuming production increases following its first-quarter pause, additional barrels could cap crude oil’s upside and limit the magnitude of the spring rally at the pump. That said, geopolitical tensions—particularly between the U.S. and Iran—remain an unpredictable variable, injecting risk into the outlook and leaving prices vulnerable to sudden shifts.” 

LOOK: See how much gasoline cost the year you started driving

To find out more about how has the price of gas changed throughout the years, Stacker ran the numbers on the cost of a gallon of gasoline for each of the last 84 years. Using data from the Bureau of Labor Statistics (released in April 2020), we analyzed the average price for a gallon of unleaded regular gasoline from 1976 to 2020 along with the Consumer Price Index (CPI) for unleaded regular gasoline from 1937 to 1976, including the absolute and inflation-adjusted prices for each year.

Read on to explore the cost of gas over time and rediscover just how much a gallon was when you first started driving.

Gallery Credit: Sophia Crisafulli

 

More From Newstalk KGVO 1290 AM & 98.3 FM