Oil Prices

As part of the stock correction over the pest few days due to increasing COVID fears, the price of crude oil also tumbled, and this may lead to moderating gas prices, according to Gas Buddy Analyst Patrick DeHaan

Increasing demand and limited supply are causing gas prices to increase yet again, according to Patrick DeHaan, Petroleum Analyst from Gas Buddy.

Montana gas prices are averaging $1.85 per gallon right now, which is almost a dollar cheaper than a year ago.

Local investors awoke Monday to more turmoil on Wall Street, as trading was suspended for 15 minutes when the S&P 500 dropped more than seven percent.

More good news for Missoula motorists, as the average price of gas fell by seven cents in the last week.

Gasoline prices in Missoula have declined again this week, falling about two cents and currently averaging at $2.54 per gallon. "Wild cards" such as the attack in Iran could affect gas prices in the future.

According to GasBuddy expert, Missoula’s not a bad place to be, with gas prices lower than the statewide and national average.

For the third straight week, the national average price of gasoline has risen.

Gas prices have dropped significantly around the nation, but prices in Missoula haven’t budged.

Gas prices in Montana continue to rise, but a peak might be coming soon.