Montana Gas Prices Drop for a Third Straight Week

Missoula, MT (KGVO-AM News) - After over a month of increases, Montana gas prices have finally dropped three weeks in a row. Patrick De Haan is the head of petroleum analysis at GasBuddy, and he provided the current numbers.        

“Average gasoline prices in Montana have fallen 13.5 cents per gallon in the last week, averaging $4.23 per gallon today,” De Haan said. “Prices in Montana are 34.1 cents per gallon lower than a month ago and stand $1.05 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 $4.19, which is a 19-cent decrease from last week. The two stations at the corner of Reserve and South were also charging $4.19, which is a 20-cent decrease. According to GasBuddy price reports, the cheapest station in Montana was priced at $3.51 per gallon yesterday, while the most expensive was $5.19 per gallon.                      

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Montana is currently ranked 13th in the U.S. when it comes to the average price of gas, which is the same spot as last week.          

"The national average price of gasoline has fallen 9.3 cents per gallon in the last week, averaging $3.99 per gallon today,” De Haan said. “The national average is down 52.4 cents per gallon from a month ago and stands 91.1 per gallon higher than a year ago. The national average price of diesel has decreased 11.7 cents compared to a week ago and stands at $5.18 per gallon.”     

READ MORE: Gas Prices In Montana Drop: What You Need To Know

De Haan said average gasoline prices fell in 47 states over the last week, with the national average dropping below $4 per gallon late Sunday for the first time since mid-April. 

The decline came as oil prices moved sharply lower in reaction to news of a potential deal between the United States and Iran, though it remains to be seen whether the agreement will hold,” De Haan said. “A handful of price-cycling states saw averages jump before joining the broader downward trend. The real test now shifts to the Strait of Hormuz, where any reopening and resumption of normal oil flows would be the clearest signal that this relief is durable.” 

For now, De Haan said the national average could continue falling, provided there isn't a drastic reversal, and the U.S. and Iran continue moving in a positive direction.