Gas Prices Increase By 12.1 Cents During Week
Average gasoline prices in Montana have risen 12.1 cents per gallon in the last week, averaging $3.38/g on Monday, March 11, according to Gas-Buddy’s survey of 615 stations in Montana. Prices in Montana are 42.4 cents per gallon higher than a month ago and stand 12.9 cents per gallon higher than a year ago. The national average price of diesel has fallen 1.3 cents in the last week and stands at $4.02 per gallon.
According to GasBuddy price reports, the cheapest station in Montana was priced at $3.05/g on Sunday, March 10, while the most expensive was $3.61/g, a difference of 56.0 cents per gallon.
The national average price of gasoline has risen 6.2 cents per gallon in the last week, averaging $3.40/g today. The national average is up 23.0 cents per gallon from a month ago and stands 4.5 cents per gallon lower than a year ago, according to Gas-Buddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country.
Historical gasoline prices in Montana and the national average going back 10 years: March 11, 2023: $3.25/g (U.S. Average: $3.44/g) March 11, 2022: $4.00/g (U.S. Average: $4.33/g) March 11, 2021: $2.63/g (U.S. Average: $2.84/g) March 11, 2020: $2.35/g (U.S. Average: $2.31/g) March 11, 2019: $2.35/g (U.S. Average: $2.49/g) March 11, 2018: $2.59/g (U.S. Average: $2.51/g) March 11, 2017: $2.35/g (U.S. Average: $2.30/g) March 11, 2016: $1.82/g (U.S. Average: $1.89/g) March 11, 2015: $2.19/g (U.S. Average: $2.45/g) March 11, 2014: $3.21/g (U.S. Average: $3.49/g) Neighboring areas and their current gas prices: Idaho- $3.26/g, up 7.0 cents per gallon from last week’s $3.19/g.
Billings- $3.35/g, up 12.9 cents per gallon from last week’s $3.22/g.
Wyoming- $3.10/g, up 12.9 cents per gallon from last week’s $2.97/g.
“The national average price of gasoline has seen a continued but measured rise compared to last week, but the pace of increases has slowed slightly in the last few days. With government data showing a rise in refinery utilization last week, there may be some good news on the horizon for drivers,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Much of the seasonal rise that happens this time of year is a culmination of refinery maintenance, the switch to summer gasoline, and rising demand. If refineries continue to boost output of products like gasoline, diesel, and jet fuel, it could mean earlier-than-expected relief. However, the changeover is still in process, so while we’ll likely see the continuation of upward pressure on prices, improvement in output could slow that pressure down some.”
