Posted on

Gas Prices Continue To Fall In State

Average gasoline prices in Montana have fallen 19.3 cents per gallon in the last week, averaging $3.41/g on Monday, Dec. 5, according to GasBuddy’s survey of 615 stations in Montana. Prices in Montana are 45.1 cents per gallon lower than a month ago and stand 1 cent per gallon higher than a year ago. The national average price of diesel has fallen 13.6 cents in the last week and stands at $5.06 per gallon.

According to GasBuddy price reports, the cheapest station in Montana was priced at $3.13/g on Sunday, Dec. 4, while the most expensive was $3.69/g, a difference of 56.0 cents per gallon.

The national average price of gasoline has fallen 15.8 cents per gallon in the last week, averaging $3.36/g today. The national average is down 43.0 cents per gallon from a month ago and stands 1.5 cents per gallon higher than a year ago.

Historical gasoline prices in Montana and the national average going back 10 years: Dec. 5, 2021: $3.40/g (U.S. Average: $3.34/g) Dec. 5, 2020: $2.22/g (U.S. Average: $2.16/g) Dec. 5, 2019: $2.65/g (U.S. Average: $2.60/g) Dec. 5, 2018: $2.72/g (U.S. Average: $2.44/g) Dec. 5, 2017: $2.60/g (U.S. Average: $2.47/g) Dec. 5, 2016: $2.16/g (U.S. Average: $2.18/g) Dec. 5, 2015: $2.22/g (U.S. Average: $2.04/g) Dec. 5, 2014: $2.83/g (U.S. Average: $2.70/g) Dec. 5, 2013: $3.00/g (U.S. Average: $3.24/g) Dec. 5, 2012: $3.34/g (U.S. Average: $3.38/g) “For the first time in 670 days, the national average price of gasoline has fallen below its year-ago level, dropping for the fourth straight week to its lowest level since January,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Every state has again seen average gasoline prices drop in the last week, and it remains very possible the national average could fall under $3 per gallon by Christmas. There has also been a drop in diesel prices, which this week will fall back under $5 per gallon, and could soon thereafter fall to their lowest level since March. However, despite all the good news about fuel prices, there may be some concerns coming as the price cap on Russian oil kicks in. Retaliation is possible, and while OPEC+ upheld production cuts from last month, they could always cut more production. For now, however, we’ll likely see another week of declines at the pump in nearly all areas.”

Leave a Reply

Your email address will not be published. Required fields are marked *