Idaho gas prices down 7 cents
IDAHO FALLS, Idaho (KIFI) - Average gasoline prices in Idaho have fallen 7.1 cents per gallon in the last week, averaging $2.84/g Monday, according to GasBuddy's survey of 802 stations in Idaho.
Prices in Idaho are 32.1 cents per gallon lower than a month ago and stand 58.5 cents per gallon lower than a year ago.
According to GasBuddy price reports, the cheapest station in Idaho was priced at $2.21/g Sunday while the most expensive was $3.59/g, a difference of $1.38/g.
Historical gasoline prices in Idaho and the national average going back 10 years:
- January 29, 2023: $3.42/g (U.S. Average: $3.49/g)
- January 29, 2022: $3.51/g (U.S. Average: $3.36/g)
- January 29, 2021: $2.28/g (U.S. Average: $2.42/g)
- January 29, 2020: $2.56/g (U.S. Average: $2.48/g)
- January 29, 2019: $2.41/g (U.S. Average: $2.27/g)
- January 29, 2018: $2.52/g (U.S. Average: $2.58/g)
- January 29, 2017: $2.35/g (U.S. Average: $2.26/g)
- January 29, 2016: $1.99/g (U.S. Average: $1.81/g)
- January 29, 2015: $1.85/g (U.S. Average: $2.04/g)
- January 29, 2014: $3.11/g (U.S. Average: $3.27/g)
Neighboring areas and their current gas prices:
- Montana- $2.81/g, down 2.8 cents per gallon from last week's $2.83/g.
- Boise- $2.93/g, down 4.9 cents per gallon from last week's $2.98/g.
- Spokane- $3.51/g, up 0.3 cents per gallon from last week's $3.51/g.
The national average price of diesel has fallen 0.5 cents in the last week and stands at $3.87 per gallon.
The national average price of gasoline has risen 4.5 cents per gallon in the last week, averaging $3.07/g today. The national average is down 4.1 cents per gallon from a month ago and stands 41.2 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.
"We've seen the national average price of gasoline bounce back up after cold weather related refinery shutdowns pushed up the wholesale price of gasoline. Plus, recent GDP data and new attacks in the Red Sea have pushed oil prices to their highest level since November," said Patrick De Haan, head of petroleum analysis at GasBuddy. "While prices have inched up and may continue to slowly rise, I believe the larger increases will be witnessed in a few weeks as we enter mid-February, lasting through April or May, during which the national average could rise 35 to 85 cents per gallon. Other issues and tensions could complicate how quickly prices rise or how high they go, so while the rise is not completely charted, it could deviate from our expectations."
You can find the lowest gas prices in the area HERE.
