Gas Prices Increase By 23.3 Cents During Week

Average gasoline prices in Montana have risen 23.3 cents per gallon in the last week, averaging $3.35/g on Monday, March 16, according to GasBuddy’s survey of 615 stations in Montana. Prices in Montana are 62.8 cents per gallon higher than a month ago and stand 27.0 cents per gallon higher than a year ago. The national average price of diesel has increased 34.0 cents compared to a week ago and stands at $4.951 per gallon.

According to GasBuddy price reports, the cheapest station in Montana was priced at $2.74/g on Sunday, March 15, while the most expensive was $3.99/g, a difference of $1.25/g. “Consumers continue to feel the sting of rising oil, gasoline and diesel costs as geopolitical tensions in the Middle East remain elevated, pushing gasoline prices to their highest levels in years while diesel could soon approach the $5-per-gallon mark nationally,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Until we see a meaningful resumption of oil flows through the Strait of Hormuz, upward pressure on fuel prices is likely to persist. At the same time, seasonal forces are beginning to intensify as several regions complete the transition to summer gasoline, creating a double headwind that could continue driving pump prices higher in the weeks ahead.”

The national average price of gasoline has risen 23.2 cents per gallon in the last week.