Gas Prices Increase 8.6 Cents During Week
Average gasoline prices in Montana have risen 8.6 cents per gallon in the last week, averaging $3.54/g on Monday, March 25, according to GasBuddy’s survey of 615 stations in Montana. Prices in Montana are 39.0 cents per gallon higher than a month ago and stand 35.3 cents per gallon higher than a year ago. The national average price of diesel has risen 2.0 cents in the last week and stands at $4.02 per gallon.
According to GasBuddy price reports, the cheapest station in Montana was priced at $3.29/g on Sunday, March 24, while the most expensive was $3.75/g, a difference of 46.0 cents per gallon.
The national average price of gasoline has risen 6.4 cents per gallon in the last week, averaging $3.51/g today. The national average is up 27.0 cents per gallon from a month ago and stands 8.7 cents per gallon higher than a year ago, according to Gas-Buddy 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: March 25, 2023: $3.19/g (U.S. Average: $3.42/g) March 25, 2022: $4.07/g (U.S. Average: $4.24/g) March 25, 2021: $2.70/g (U.S. Average: $2.86/g) March 25, 2020: $2.20/g (U.S. Average: $2.03/g) March 25, 2019: $2.46/g (U.S. Average: $2.65/g) March 25, 2018: $2.56/g (U.S. Average: $2.60/g) March 25, 2017: $2.34/g (U.S. Average: $2.28/g) March 25, 2016: $1.96/g (U.S. Average: $2.03/g) March 25, 2015: $2.24/g (U.S. Average: $2.42/g) March 25, 2014: $3.23/g (U.S. Average: $3.53/g) Neighboring areas and their current gas prices: Idaho- $3.50/g, up 15.0 cents per gallon from last week’s $3.35/g.
Billings- $3.51/g, up 4.9 cents per gallon from last week’s $3.46/g.
Wyoming- $3.20/g, up 12.5 cents per gallon from last week’s $3.07/g.
“We’ve now seen the national average price of gasoline rising for four straight weeks, which isn’t uncommon for this time of year. What is uncommon is the number of attacks on Russian oil refiners; attacks which could have ripple effects worldwide if they continue,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Russia could see more capacity impacted by the attacks, forcing it to buy such products on the global market, pushing prices up everywhere. With oil prices now under more pressure and attacks potentially increasing on Russian refiners, we could be in for a few more weeks of rising prices. Significant as well is the fact that Americans are now seeing inflation again at the pump with prices higher than they were a year ago.”
