Montana Gas Prices Finally Stabilize

Missoula, MT (KGVO-AM News) - Montana gas prices have finally stabilized after weeks of rising prices. 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 $3.87 per gallon today,” De Haan said. “Prices in Montana are 36.5 cents per gallon higher than a month ago and stand 75.4 cents per gallon higher than a year ago."           

As of Monday morning, most stations in Missoula were still charging $3.89, which is the same as last week. According to GasBuddy price reports, the cheapest station in Montana was priced at $3.49 per gallon yesterday, while the most expensive was $4.88 per gallon.                 

Get our free mobile app

Montana is currently ranked 27th in the U.S. when it comes to the average price of gas, which is six spots higher than last week.               

"The national average price of gasoline has fallen 9.4 cents per gallon in the last week, averaging $3.97 per gallon today,” De Haan said. “The national average is up 3.9 cents per gallon from a month ago and stands 87.4 cents 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 $5.50 per gallon.”     

READ MORE: Montana Gas Prices Rise Again, Still Below the National Average

De Haan said average gasoline prices declined in 48 states over the last week, while diesel prices fell in 46 states. 

“The national average price of gasoline dipped below the $4 per gallon mark over the weekend,” said De Haan. “However, that relief may prove fleeting. Oil prices surged in Sunday night trading after Iran re-closed the Strait of Hormuz and President Trump signaled further escalation if Tehran does not come to an agreement.” 

With global oil flows remaining at risk, De Haan said renewed volatility is taking hold, and the continued back-and-forth is making any lasting resolution increasingly fragile.  

“As a result, gasoline prices are likely to rise again in the days ahead, with diesel expected to follow if disruptions persist, and many of the states that exhibit price cycling could see increases in the next 24-48 hours,” De Haan said.