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Gas Prices Drop By 6.4 Cents

Average gasoline prices in Montana have fallen 6.4 cents per gallon in the last week, averaging $3.13/gallon on Monday, Dec. 4, according to GasBuddy’s survey of 615 stations in Montana. Prices in Montana are 44.7 cents per gallon lower than a month ago and stand 27.6 cents per gallon lower than a year ago. The national average price of diesel has fallen 4.7 cents in the last week and stands at $4.18 per gallon.

According to GasBuddy price reports, the cheapest station in Montana was priced at $2.99/gallon on Sunday, Dec. 3, while the most expensive was $3.29/gallon, a difference of 30.0 cents per gallon.

The national average price of gasoline has fallen 0.4 cents per gallon in the last week, averaging $3.21/gallon Sunday, Dec. 3. The national average is down 18.9 cents per gallon from a month ago and stands 14.9 cents per gallon lower 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.

Historical gasoline prices in Montana and the national average going back 10 years: Dec. 4, 2022: $3.41/g (U.S. Average: $3.36/g) Dec. 4, 2021: $3.38/g (U.S. Average: $3.36/g) Dec. 4, 2020: $2.22/g (U.S. Average: $2.16/g) Dec. 4, 2019: $2.67/g (U.S. Average: $2.61/g) Dec. 4, 2018: $2.75/g (U.S. Average: $2.44/g) Dec. 4, 2017: $2.61/g (U.S. Average: $2.47/g) Dec. 4, 2016: $2.16/g (U.S. Average: $2.18/g) Dec. 4, 2015: $2.23/g (U.S. Average: $2.04/g) Dec. 4, 2014: $2.83/g (U.S. Average: $2.72/g) Dec. 4, 2013: $3.02/g (U.S. Average: $3.24/g) Neighboring areas and their current gas prices: Idaho- $3.54/g, down 9.0 cents per gallon from last week’s $3.63/g.

Billings- $3.14/g, down 5.8 cents per gallon from last week’s $3.20/g.

Wyoming- $3.04/g, down 10.7 cents per gallon from last week’s $3.15/g.

“We’ve barely eked out a drop in the national average over the last week, extending the streak to 11 straight weeks of decline, even as some states have seen prices jump, while others have seen prices continue to inch lower. Motorists can blame the OPEC+ meeting for causing oil to jump early last week and then plummet late last week for the volatility in gas prices,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “The good news is that as the dust settled, OPEC+ agreed to barely move the needle, deepening their production cuts by an additional 900,000 barrels per day in 2024, with Saudi Arabia extending their own million barrel per day cut through March. However, that wasn’t enough to offset concerns of falling global demand, which pushed oil back down to below $73 in Sunday night trading, giving hope that the national average still could fall to $2.99/gal by the end of the year.”

GasBuddy is the authoritative voice for gas prices and the only source for station-level data. 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.

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