Montana Gas Prices Drop for a Sixth Straight Week

Missoula, MT (KGVO-AM News) - Average gas prices in Montana have increased in 25 out of 43 weeks, but have dropped six weeks in a row. Patrick De Haan is the head of petroleum analysis at GasBuddy, and he provided the current numbers. 

“Average gasoline prices in Montana have fallen 4.3 cents per gallon in the last week, averaging $3.02 per gallon today,” De Haan said. “Prices in Montana are 11.3 cents per gallon lower than a month ago and stand 15.5 cents per gallon lower than a year ago.”       

As of Monday morning, some stations in Missoula had their prices set to $2.99 per gallon. 

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According to GasBuddy price reports, the cheapest station in Montana was priced at $2.78 per gallon yesterday, while the most expensive was $3.89 per gallon.        

Montana is currently ranked 18th in the U.S. when it comes to the average price of gas, which is three spots lower than last week.              

"The national average price of gasoline has risen 2.5 cents per gallon in the last week, averaging $3.00 per gallon today,” De Haan said. “The national average is down 10.8 cents per gallon from a month ago and stands 7.4 cents per gallon lower than a year ago. The national average price of diesel has increased 4.7 cents compared to a week ago and stands at $3.64 per gallon.”        

READ MORE: Current Gas Prices In Montana: A Five-Week Decline

According to De Haan, gas prices surged in parts of the Midwest after a refinery fire pushed wholesale gasoline prices sharply higher in the region. 

“While the spike in prices in affected areas was significant, relief is likely in the weeks ahead as the situation stabilizes,” said De Haan. “For now, the possibility of a U.S.-China trade deal could lift oil prices on optimism that it would increase trade and reduce tariffs—potentially keeping the national average slightly above the $3-per-gallon mark for a couple more weeks before slipping back below $3 ahead of Thanksgiving.”