Idaho gas prices continue to fall as part of seasonal slump
BOISE, Idaho (KIFI) – Idaho drivers are continuing to see prices plunge at the pump.
On Monday, the average price for a gallon of regular in the Gem State is $3.64, which is six cents less than a week ago, 27 cents less than a month ago and 47 cents less than a year ago.
Idaho currently ranks 7th in the U.S. for most expensive fill-ups behind California ($4.90), Hawaii ($4.72), Washington ($4.39), Nevada ($4.18), Oregon ($4.05) and Alaska ($3.96).
Idaho prices have been falling since September 7, when drivers paid the most for the year at $4.16 per gallon. At first, cheaper fuel prices were barely noticeable, but started picking up speed in mid-October. Panhandle prices are holding the state average a bit higher than it might otherwise be.
Here’s a look at Idaho gas prices as of Monday:
- Boise - $3.62
- Coeur d’Alene - $3.79
- Franklin - $3.45
- Idaho Falls - $3.57
- Lewiston - $3.85
- Pocatello - $3.50
- Rexburg - $3.64
- Twin Falls - $3.56
“Last week, most of us had the opportunity to sample a beloved Thanksgiving recipe. In this case, steady gasoline production, falling fuel demand, and lower crude oil costs are the main ingredients in the savings we’re currently seeing at the pump,” AAA Idaho public affairs director Matthew Conde said. “A combination of cheaper crude and slumping demand could push oil and gas prices down even further in the run-up to the end-of-year holiday season.”
Meanwhile, the national average currently sits at $3.25 per gallon, which is six cents less than a week ago, 27 cents less than a month ago and 31 cents less than a year ago.
According to the most recent report by the Energy Information Administration, U.S. gasoline demand has dropped by nearly 1 million barrels per day in recent weeks.
You can find the lowest gas prices in the area HERE.
