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Gas prices continue to fall

Idaho gas prices fell 4.1 cents per gallon in the past week, averaging $2.97 at 802 stations surveyed by GasBuddy Sunday.

The national price dropped last week by 7.8 cents per gallon to an average $2.53 per gallon.

GasBuddy reports prices were 36.4 cents per gallon higher than a year ago and are 16.6 cents per gallon lower than a month ago. Nationally, prices dropped 29.4 cents in the past month.

18 states reported prices at a $1.99 per gallon in at least one service station last week. GasBuddy analysts believe prices will continue to fall for a while, at least.

“Oil prices have seen another weekly rout, with WTI crude oil shedding over $6 per barrel or some 14% to close the week at a mere $50 per barrel. While many may be a skeptic of the White House taking some credit, the Trump Administration’s reluctance to punish Saudi Arabia for it’s role in the murder of Jamal Khashoggi is likely leading Saudi Arabia to push against large cuts in crude oil production, fearing potential fallout from Trump,” said Paterick DeHaan, head of petroleum analysis for GasBuddy.

He predicts motorists in most states will see further drops, saving consumers $125 million a day compared to prices in early October.

You can find the lowest gas prices in the area HERE.

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