Montana’s Gas Prices: Stable Now But What’s Ahead?

Missoula, MT (KGVO-AM News) - Average gas prices in Montana have now increased in 23 out of 30 weeks. Patrick De Haan is the head of petroleum analysis at GasBuddy, and he provided the current numbers. 

“Average gasoline prices in Montana are unchanged in the last week, averaging $3.24 per gallon today,” De Haan said. “Prices in Montana are 4.7 cents per gallon lower than a month ago and stand 28.8 cents per gallon lower than a year ago.” 

As of Monday morning, many stations in Missoula had their prices set to around $3.24 per gallon. 

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According to GasBuddy price reports, the cheapest station in Montana was priced at $2.86 per gallon yesterday, while the most expensive was $3.89 per gallon.

Montana is currently ranked 11th in the U.S. when it comes to the average price of gas, which is one spot lower than last week. 

"The national average price of gasoline has risen .9 cents per gallon in the last week, averaging $3.10 per gallon today,” De Haan said. “The national average is down 6.5 cents per gallon from a month ago and stands 37.5 cents per gallon lower than a year ago. The national average price of diesel has increased 1.6 cents in the last week and stands at $3.71 per gallon.” 

READ MORE: Recent Trends In Montana's Gas Prices: What To Know

According to De Haan, it’s been another relatively quiet week for average gas prices.

“Most states saw modest or slight declines, while a handful of price cycling states experienced the most noticeable fluctuations,” said De Haan. “Oil prices continue to hover in the mid-to-upper $60s, and with gasoline demand starting to ease as we head into August, we could see prices gradually decline as we approach Labor Day. That said, this is also the time of year when the tropics begin to stir, so we’ll be keeping a close eye on hurricane activity that could disrupt supply and shift the outlook.”