Montana Gas Prices Post Biggest Weekly Drop of the Year

Missoula, MT (KGVO-AM News) - After over a month of increases, Montana gas prices have dropped four 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 15.8 cents per gallon in the last week, averaging $4.07 per gallon today,” De Haan said. “Prices in Montana are 51.1 cents per gallon lower than a month ago and stand 83.7 cents 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 $3.99, which is a 20-cent decrease from last week. The two stations at the corner of Reserve and South were also charging $3.99, which is a 20-cent decrease. According to GasBuddy price reports, the cheapest station in Montana was priced at $3.48 per gallon yesterday, while the most expensive was $5.24 per gallon.                       

Get our free mobile app

Montana is currently ranked 15th 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 14.1 cents per gallon in the last week, averaging $3.85 per gallon today,” De Haan said. “The national average is down 67.2 cents per gallon from a month ago and stands 67.3 cents per gallon higher than a year ago. The national average price of diesel has decreased 19.2 cents compared to a week ago and stands at $4.99 per gallon.”      

READ MORE: Montana Gas Prices Fall For Three Straight Weeks

De Haan said average gasoline prices declined in nearly every state over the last week, while all 50 states saw average diesel prices move lower. 

“However, the outlook is far from settled,” De Haan said. “New uncertainty has emerged after Iran suggested the Strait of Hormuz was closed, along with fresh warnings that the U.S. could again strike Iran, developments that could push oil prices higher in the days ahead. Despite this, gasoline prices aren't yet at significant risk of a spike, as some vessels have continued to move through the Strait. Still, should the situation worsen or escalate further, motorists could see that risk change quickly."