GAS PUMPS

Average gasoline prices in Montana have risen 0.4 cents per gallon in the last week, averaging $3.36/g today, according to GasBuddy’s survey of 615 stations in Montana. Prices in Montana are 1.9 cents per gallon lower than a month ago and stand $1.13/g higher than a year ago.

According to GasBuddy price reports, the cheapest station in Montana was priced at $3.08/g yesterday while the most expensive was $3.69/g, a difference of 61.0 cents per gallon.

The national average price of gasoline has risen 2.3 cents per gallon in the last week, averaging $3.29/g today. The national average is down 5.5 cents per gallon from a month ago and stands 97.5 cents per gallon higher 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.

“Oil prices have remained stubbornly strong, touching nearly $80 per barrel last week, pushing gasoline prices higher even as U.S. gasoline demand starts to struggle. Some of this is typical seasonal weakness, but the lack of demand is likely enhanced by omicron cases surging and Americans who are just a bit more hesitant to get out right now,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “In addition, unrest in Kazakhstan, the 18th largest oil producer, is likely leading to impacts on oil production, while continued unrest in Libya also worries markets and overpowers the seasonal drop in gasoline demand. Without improvement or stability in oil producing countries, we’re likely to continue to see upward pressure on oil prices.”

GasBuddy is the authoritative voice for gas prices and the only source for station-level data spanning nearly two decades. GasBuddy’s survey updates 288 times every day from the most diverse list of sources covering nearly 150,000 stations nationwide, the most comprehensive and up-to-date in the country. GasBuddy data is accessible at http://prices.GasBuddy.com.

Load comments