Montana Gas Prices Continue to Drop: Latest Data and Trends

Missoula, MT (KGVO-AM News) - Montana gasoline prices have dropped 14 out of the past 15 weeks. Patrick De Haan is the head of petroleum analysis at GasBuddy and he provided the current numbers.

“Average gasoline prices in Montana have fallen 4.4 cents per gallon in the last week, averaging $3.04 per gallon today,” De Haan said. “Prices in Montana are 14 cents per gallon lower than a month ago and stand 39.3 cents per gallon lower than a year ago.”

As of Tuesday morning, many stations in Missoula had their prices set to around $2.99 per gallon.

According to GasBuddy price reports, the cheapest station in Montana was priced at $2.85 per gallon yesterday while the most expensive was $3.49 per gallon.

Montana is currently ranked 21st 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 fallen 2.6 cents per gallon in the last week, averaging $3.03 per gallon today,” De Haan said. “The national average is down 16.7 cents per gallon from a month ago and stands 32.3 cents per gallon lower than a year ago. The national average price of diesel has declined 0.4 cents in the last week and stands at $3.52 per gallon.”

De Haan said the election has come and gone, but gas prices have stayed the course.

“The national average price of gasoline declined for a fourth consecutive week as seasonal demand weakens and Americans begin to take refuge from falling temperatures," said De Haan. "While some may be surprised by the declines—some 28 states have average gas prices below $3 per gallon—this was anticipated in our annual Fuel Outlook from last December.”

De Haan said the GasBuddy outlook provides insight into the current drop and what they expect next.

“With the median U.S. gas price now at $2.95 per gallon, the lowest since 2021, it appears to be just a matter of time before the national average falls below $3 per gallon for the first time since May 2021, something we've already seen for diesel prices, which many Americans will be thankful for as we get closer to Thanksgiving."