Montana Gas Prices Drop for the 4th Week in a Row

Missoula, MT (KGVO-AM News) - Montana gas prices have dropped in four straight 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 8.8 cents per gallon in the last week, averaging $4.40 per gallon today,” De Haan said. “Prices in Montana are 18 cents per gallon lower than a month ago and stand $1.34 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 $4.38, which is the same as last week. The two stations at the corner of South Avenue and Reserve Street were charging $4.38 and $4.46. Another station on Reserve was charging $4.48. According to GasBuddy price reports, the cheapest station in Montana was priced at $3.95 per gallon yesterday, while the most expensive was $4.69 per gallon.    

Montana is currently ranked 14th in the U.S. when it comes to the average price of gas, which is two spots lower than last week.     

"The national average price of gasoline has fallen 5.5 cents per gallon in the last week, averaging $4.24 per gallon today,” De Haan said. “The national average is down 23 cents per gallon from a month ago and stands $1.26 per gallon higher than a year ago. The national average price of diesel has increased 5.2 cents compared to a week ago and stands at $6.30 per gallon.”     

READ MORE: Montana Gas Prices Fall For Third Straight Week

De Haan said average gasoline prices declined in the vast majority of states over the last week. 

"It was a combination of state fuel tax suspensions and price-cycling markets working their way back down, while diesel rose in most states, though the largest diesel decline was driven by a state tax suspension,” said De Haan. “For now, the outlook remains tied to geopolitical developments, and some price-cycling states could see upward swings in the days ahead if oil markets firm at all. Motorists in states that benefited from tax suspensions may continue to see some insulation from broader market pressures, but the overall picture remains fluid.”