Idaho’s gasoline prices continue to fall, down 3.6 cents per gallon in the past week. At an average $2.78 per gallon, Gas Buddy’s daily survey of 802 stations showed prices were 8.4 cents per gallon lower than a month ago and 44.1 cents per gallon lower than a year ago.
At the same time, the national average price fell 2.1 cents per gallon over the past week.
“For now six straight weeks we’ve seen the national average price of gasoline decline, and after last week’s escalation in the trade battle between the U.S. and China, it’s possible that the streak continues longer than previously anticipated as oil markets react to the news, sending oil lower,” said Patrick DeHaan, head of petroleum analysis for GasBuddy.
DeHaan said the country would see the cheapest end-of-summer prices since 2016. He expects prices to decline further in mid-September as most of the nation begins transitioning back to cheaper winter gasoline blends. He predicts prices will continue to fall as long as turmoil between the U.S. and China continues.
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