Idaho’s retail gasoline prices fell 3.1 cents per gallon in the past week, averaging $2.62 per gallon on Sunday, according to GasBuddy analysts. Nationally, prices dropped by 1.6 cents per gallon to $2.44 per gallon.
The survey of 802 Idaho gas outlets indicates prices were 18.2 cents per gallon higher than the same day a year ago and 9 cents per gallon lower than a month ago.
“The national average gas price is lower for the sixth straight week, the longest such decline since the summer of 2016,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “Perhaps even more wild is that the national average has now remained under $3 per gallon for nearly 3 years, or 1,087 days as the days of cheap oil have continued. While recent actions from OPEC may cause oil prices to hold above the key $50 per barrel level, there is no threat of a quick return to the $3 per gallon days.”
Some areas of the midwest have seen prices rise as refineries undergo seasonal maintenance and inventories tighten. Regional hotspots like that may continue in the weeks ahead.
According to GasBuddy, area prices range from $2.54 a gallon in Idaho Falls to $2.64 in Bannock County and $2.46 in Jackson, Wyoming.