Montana Gas Prices Drop for the 5th Straight Week

Missoula, MT (KGVO-AM News) - After over a month of increases, Montana gas prices have dropped five 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 9.9 cents per gallon in the last week, averaging $3.97 per gallon today,” De Haan said. “Prices in Montana are 58.6 cents per gallon lower than a month ago and stand 69.0 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 $3.88, which is an 11-cent decrease from last week. The two stations at the corner of Reserve and South were charging $3.89 and $3.96. According to GasBuddy price reports, the cheapest station in Montana was priced at $3.29 per gallon yesterday, while the most expensive was $5.99 per gallon.                        

Get our free mobile app

Montana is currently ranked 15th in the U.S. when it comes to the average price of gas, which is the same spot as last week.            

"The national average price of gasoline has fallen 6.9 cents per gallon in the last week, averaging $3.78 per gallon today,” De Haan said. “The national average is down 55.6 cents per gallon from a month ago and stands 64.2 cents per gallon higher than a year ago. The national average price of diesel has decreased 11.4 cents compared to a week ago and stands at $4.88 per gallon.”       

READ MORE: Montana Gas Prices Fall For Three Straight Weeks 

De Haan said average gasoline prices fell in 46 states over the last week, with diesel declining in 49, pushing the national average to its lowest level since mid-March. 

"The declines came despite a turbulent week, as fresh attacks were traded between the U.S. and Iran before both sides agreed to halt hostilities just in time Sunday, preventing what could have been a significant spike in oil prices,” De Haan said. “For now, GasBuddy anticipates the national average will continue drifting lower this week, though the situation remains anything but predictable. A handful of price-cycling states could see prices jump ahead of the July 4 holiday, while many states that already cycled higher last week should see prices fall back down.” 

De Haan said motorists in non-cycling states are likely to see continued relief, but the fragile nature of the U.S.-Iran situation means the outlook could shift quickly.