The price of gasoline in Idaho and across the country continues to rise sharply.
According to the American Automobile Association, today’s price for a gallon of regular in the Gem State is $3.70, which is about 46 cents more than a week ago, 76 cents more than a month ago, and 62 cents more than a year ago. The national average currently sits at $3.72 per gallon, which is 24 cents more than a week ago, 79 cents more than a month ago, and 64 cents more than a year ago. Idaho currently ranks 14th in the nation for the most expensive fuel, with the highest average in California at $5.53 per gallon andthe cheapest in Kansas at $3.15 per gallon.
AAA-Idaho’s Matthew Conde says the crude oil market is still reeling from the global implications of the conflict in the Middle East. He added that as long as there is supply uncertainty, crude prices – and pump prices – will be under extreme pressure.
The West Texas Intermediate benchmark is currently trading near $94 per barrel, about $31 more per barrel than just a month ago.
Of Idaho’s largest cities, Boise and Twin Falls have the state’s highest-average price for a gallon of regular at $3.71, while Franklin has the state’s lowest-average price at $3.57. Lewiston’s average price is currently $3.68 per gallon.
