Motorists may see gas price surprise

Contrary to usual trends, Idaho gas prices are falling going into the summer travel season.

GasBuddy’s daily survey of 802 stations indicates prices are $3.12 per gallon in Idaho this week. That is 8 cents per gallon higher than a month ago, but 1.6 cents per gallon lower than a year ago. They fell 1.7 cents per gallon in the past week.

The drop is about the same as the national average. National prices fell for the fourth straight week.

GasBuddy petroleum analysis head Patrick DeHaan believes motorists may be in for a big surprise.

“The nation’s cheapest gas prices may soon fall back under $2 per gallon as oil prices have plummeted nearly $14 in the last 8 weeks, prompted by worries about President Trump’s tariffs on China and now also Mexico, undermining the U.S. and global economy, and perhaps leading to a slowdown in oil demand at the same time as U.S. oil inventories have rebounded sharply,” said DeHaan. “While there may be volatility and a return to higher prices should Trump make a deal to avoid tariffs on both the countries, for now, it’s going to be a big win at the gas pump with prices in most areas likely to fall notably in the week ahead.”

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