Gas Prices Continue Upward Trend

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Idaho gasoline prices are increasing again.

According to the American Automobile Association, Idaho’s average price for a gallon of regular is currently $3.11, which is 11 cents higher than last week and 19 cents more than a month ago.

Meanwhile, the national average currently sits at $3.26 per gallon, which is two cents less than a week ago, 16 cents more than a month ago, and 11 cents cheaper than a year ago.

For the week, Idaho moved up one spot to 29th place for most expensive fuel in the country.

According to the Energy Information Administration, gasoline stocks across the country are higher than a year ago, including an additional 1.7 million barrels in the Rockies region. Higher inventories and strong regional refinery production have helped pump prices stay lower than a year ago. But supplies could decrease during spring refinery maintenance and the switch to summer-blend fuel.

The West Texas Intermediate benchmark for crude oil is trading near $78 per barrel, the same as a week ago and a month ago. AAA believes if crude prices hold steady this week, pump prices may calm down.

Idaho Falls has the state’s lowest price per gallon of gas in Idaho at $2.95, while Coeur d’Alene has the state’s highest average price at $3.21. Lewiston’s average price per gallon is $3.10.

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