Missoula, MT (KGVO-AM News) - Gasoline prices in Montana continue to drop and no one around here is complaining. According to Patrick De Haan, head of petroleum analysis at GasBuddy, average gasoline prices in Montana have fallen 11.4 cents per gallon in the last week, averaging $3.20 per gallon. 

“Prices in Montana are 54.2 cents per gallon lower than a month ago and stand 40.5 cents per gallon lower than a year ago,” De Haan said. “The national average price of diesel has fallen 5.2 cents in the last week and stands at $4.23 per gallon. The cheapest station in Montana was priced at $2.88 per gallon while the most expensive was $3.86 per gallon.” 

De Haan said the national average price of gasoline has fallen 5.8 cents per gallon in the last week, averaging $3.21 per gallon.  

“The national average is down 26.0 cents per gallon from a month ago and stands 30.3 cents per gallon lower than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country,” De Haan said. 

De Haan also mentioned that the national average price of gasoline declined for the 10th straight week, which is the longest downward trend at the pump since summer of 2022. 

“The timing couldn't be better as Americans head into the holidays, leaving them with more in their wallets at a time of year many start to spend on gifts for loved ones," De Haan said. "In addition, gasoline demand continues to be dragged lower as Americans stay inside more often, helping to put continued downward pressure on gasoline prices. However, we're carefully monitoring OPEC's delayed meeting, set to occur this week, for potential surprises that could eventually mean an end to lower gas prices should they make any surprise oil production cuts."

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