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Gas Prices Drop 4.2 Cents During Week

Average gasoline prices in Montana have fallen 4.2 cents per gallon in the last week, averaging $2.73/g on Monday, Dec. 22, according to GasBuddy’s survey of 615 stations in Montana. Prices in Montana are 20.2 cents per gallon lower than a month ago and stand 22.7 cents per gallon lower than a year ago. The national average price of diesel has increased 0.6 cents in the last week and stands at $3.478 per gallon.

According to GasBuddy price reports, the cheapest station in Montana was priced at $2.56/g on Sunday, Dec. 21, while the most expensive was $3.06/g, a difference of 50.0 cents per gallon.

The national average price of gasoline has risen 3.1 cents per gallon in the last week, averaging $3.01/g on Monday. The national average is down 2.6 cents per gallon from a month ago and stands 9.2 cents per gallon lower 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: Dec. 23, 2023: $2.96/g (U.S. Average: $3.10/g) Dec. 23, 2022: $2.95/g (U.S. Average: $3.09/g) Dec. 23, 2021: $3.37/g (U.S. Average: $3.28/g) Dec. 23, 2020: $2.22/g (U.S. Average: $2.26/g) Dec. 23, 2019: $2.60/g (U.S. Average: $2.55/g) Dec. 23, 2018: $2.51/g (U.S. Average: $2.31/g) Dec. 23, 2017: $2.58/g (U.S. Average: $2.44/g) Dec. 23, 2016: $2.21/g (U.S. Average: $2.28/g) Dec. 23, 2015: $2.02/g (U.S. Average: $2.01/g) Dec. 23, 2014: $2.31/g (U.S. Average: $2.36/g) Neighboring areas and their current gas prices: Idaho- $3.02/g, up 8.8 cents per gallon from last week’s $2.93/g.

Billings- $2.69/g, down 2.4 cents per gallon from last week’s $2.72/g.

Wyoming- $2.83/g, down 3.9 cents per gallon from last week’s $2.87/g.

“We’ve seen a second consecutive weekly rise in the national average, driven by price cycling that led stations in the Great Lakes region to restore their margins to normal levels ahead of millions of motorists traveling for Christmas,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “With oil prices continuing to move sideways, gas prices may hold near recent levels in the coming week. Meanwhile, in the Great Lakes, last week’s price hikes will likely be rolled back as stations resume undercutting each other. As families travel for the holidays, this volatility at the pump serves as a great reminder to check prices before filling up to save as much as 25 to 50 cents per gallon — a trend that will likely persist into 2025. As we close out the year, motorists can look forward to some good news at the pump in 2025.”

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