Idaho gas prices continued their slow and steady retreat this week.
According to the American Automobile Association, today’s average price for a gallon of regular in the Gem State is $3.44, about two cents less than a week ago and nine cents less than a month ago, but three cents more than a year ago. The national average is creeping closer to the $3 mark. It’s currently just under $3.04 per gallon – a nickel less than a week ago, 15 cents less than a month ago, and 14 cents less than a year ago.
Idaho moved up one spot to 7th in the country for the most expensive fuel behind California, Hawaii, Washington, Oregon, Alaska, and Nevada.
Matthew Conde with AAA-Idaho says if crude oil prices and fuel demand continue to cool with the arrival of fall weather, we could see bigger savings in the near future.
The West Texas Intermediate benchmark for crude oil is currently trading near $57 per barrel –about $13 less than a year ago.
The Energy Information Administration also reported a small weekly drop in demand of nearly 500,000 barrels of gasoline per day, which may apply further downward pressure on pump prices.
Of Idaho’s largest cities, Coeur d’Alene has the state’s highest average price for a gallon of regular gas at $3.47, while Lewiston has the state’s lowest average price at $3.30.
