How Montana Gas Prices Compare To National Trends

Missoula, MT (KGVO-AM News) – Average gas prices in Montana have increased in 25 out of 41 weeks, but have dropped four weeks in a row. Patrick De Haan is the head of petroleum analysis at GasBuddy, and he provided the current numbers.       

“Average gasoline prices in Montana have fallen 4.9 cents per gallon in the last week, averaging $3.07 per gallon today,” De Haan said. “Prices in Montana are 14.2 cents per gallon lower than a month ago and stand 11.3 cents per gallon lower than a year ago.”     

As of Monday morning, many stations in Missoula still had their prices set to around $3.08 per gallon.   

According to GasBuddy price reports, the cheapest station in Montana was priced at $2.78 per gallon yesterday, while the most expensive was $4.19 per gallon.      

Montana is currently ranked 15th in the U.S. when it comes to the average price of gas, which is one spot lower than last week.            

“The national average price of gasoline has fallen 6.4 cents per gallon in the last week, averaging $3.02 per gallon today,” De Haan said. “The national average is down 13.7 cents per gallon from a month ago and stands 14.4 cents per gallon lower than a year ago. The national average price of diesel has decreased 3.5 cents compared to a week ago and stands at $3.63 per gallon.”      

READ MORE: Montana Gas Prices See Steady Decline Over Recent Weeks

According to De Haan, Americans appear to be on the cusp of seeing the national average drop below $3 per gallon for the first time in years, as prices have fallen across the vast majority of the country. 

“With well over 40 states seeing gas prices decline and oil plunging below $60 per barrel to end the week, the good news may not end if — and when — the national average hits that magical $2.99 mark,” De Haan said. “We could even see a handful of stations in places like Oklahoma, Texas, or even Wisconsin drop below $2 per gallon in the weeks ahead — something not seen since the pandemic. In addition, with wages up and gas prices down, Americans are spending the smallest share of their paycheck on gasoline in many years.”