Montana Gas Prices are $1.30 Higher Than They Were Last Year

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

“Average gasoline prices in Montana have risen 12.2 cents per gallon in the last week, averaging $4.46 per gallon today,” De Haan said. “Prices in Montana are 60.5 cents per gallon higher than a month ago and stand $1.30 per gallon higher than a year ago."              

As of Monday morning, most stations in Missoula are charging $4.49, which is about a 10-cent increase from last week. According to GasBuddy price reports, the cheapest station in Montana was priced at $4.09 per gallon yesterday, while the most expensive was $4.99 per gallon.                    

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Montana is currently ranked 24th in the U.S. when it comes to the average price of gas, which is three spots higher than last week.                 

"The national average price of gasoline has risen 5.1 cents per gallon in the last week, averaging $4.48 per gallon today,” De Haan said. “The national average is up 37.3 cents per gallon from a month ago and stands $1.40 per gallon higher than a year ago. The national average price of diesel has increased .2 cents compared to a week ago and stands at $5.62 per gallon.”        

READ MORE: Montana Gas Prices Rise 43.4 Cents, $1.18 Higher Than a Year Ago

According to De Haan, average gasoline prices declined in just six states over the last week, led by the Great Lakes region, where motorists in states like Michigan and Ohio saw prices fall sharply, while Indiana experienced even steeper relief after the state temporarily waived both its excise and use taxes on gasoline. 

“Those declines helped pull the national average lower by roughly eight cents over the last several days after oil prices eased mid-week on optimism that the U.S. and Iran could reach a deal,” De Haan said. “However, that optimism has since largely unraveled, with talks appearing to stall and President Trump signaling the latest proposal is unacceptable, helping push oil prices higher again in Sunday electronic trade.” 

As a result, De Haan said many states could see another round of price cycling in the days ahead, potentially sending the national average toward the $4.65-per-gallon mark if oil continues climbing.  

“In addition, diesel prices across much of the Great Lakes region are nearing new record highs as ongoing refinery issues continue to disproportionately impact diesel production,” De Haan said. “Should geopolitical tensions escalate further, fuel prices could rise even more sharply in the weeks ahead.”