Gas prices “steady” over the week
Idaho’s average gasoline prices held steady over the past week, according to GasBuddy’s daily survey of 802 gasoline retailers across the state.
As of Sunday, GasBuddy said prices averaged $3.05 per gallon. While Idaho’s prices didn’t change over the week, national average prices dropped .9 cents per gallon.
Prices were 52 cents per gallon higher than the same day a year ago and 21.3 cents higher than a month ago.
“While we may not be out of the woods yet, especially with President Trump mulling over the Iran nuclear deal, it’s possible we’re very close,” said GasBuddy Petroleum Analysis Head Patrick DeHaan. Much will depend on his decision on the subject. Killing the deal may inflict more pain on motorists as it may lead to sanctions placed on Iran and their oil production, which would likely push oil prices higher.”
“With summer gasoline now phased in and reaching motorists gas tanks across the country, it is no longer an active issue pushing prices up,” said DeHaan. “Oil’s moves and possible moves will likely be the key catalyst behind changes at the pump in the weeks ahead as summer driving season soon gets underway.”
DeHaan estimated national average prices to drift around the upper $2 per gallon range through much of the summer.
The national average Monday morning was $2.81 per gallon.
You can track the price on GasBuddy here.
