Gas Prices Drop By 4.4 Cents During Week
Average gasoline prices in Montana have fallen 4.8 cents per gallon in the last week, averaging $3.44/g on Monday, Aug. 26, according to GasBuddy’s survey of 615 stations in Montana. Prices in Montana are 8.9 cents per gallon lower than a month ago and stand 54.5 cents per gallon lower than a year ago. The national average price of diesel has declined 3.2 cents in the last week and stands at $3.67 per gallon, a multi-year low.
According to GasBuddy price reports, the cheapest station in Montana was priced at $3.15/g on Sunday, Aug. 25, while the most expensive was $3.84/g, a difference of 69.0 cents per gallon.
The national average price of gasoline has fallen 6.2 cents per gallon in the last week, averaging $3.30/g on Monday. The national average is down 20.7 cents per gallon from a month ago and stands 49.2 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: Aug. 26, 2023: $3.98/g (U.S. Average: $3.80/g) Aug. 26, 2022: $4.13/g (U.S. Average: $3.84/g) Aug. 26, 2021: $3.29/g (U.S. Average: $3.14/g) Aug. 26, 2020: $2.24/g (U.S. Average: $2.23/g) Aug. 26, 2019: $2.74/g (U.S. Average: $2.58/g) Aug. 26, 2018: $2.93/g (U.S. Average: $2.83/g) Aug. 26, 2017: $2.46/g (U.S. Average: $2.36/g) Aug. 26, 2016: $2.30/g (U.S. Average: $2.21/g) Aug. 26, 2015: $2.72/g (U.S. Average: $2.56/g) Aug. 26, 2014: $3.58/g (U.S. Average: $3.43/g) Neighboring areas and their current gas prices: Idaho- $3.54/g, down 3.1 cents per gallon from last week’s $3.57/g.
Billings- $3.36/g, down 3.1 cents per gallon from last week’s $3.39/g.
Wyoming- $3.31/g, down 4.8 cents per gallon from last week’s $3.35/g.
“It seems fitting that, in the run-up to Labor Day, the national average has fallen for four straight weeks to its lowest point since February, giving Americans one last chance to hit the road with gas prices being less of a factor,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “GasBuddy is now tracking eight states where average gas prices are already below the $3 per gallon mark, along with nearly 20% of gas stations in the country selling gasoline at $2.99 or lower. These numbers will continue to look better every week as we move into fall. GasBuddy’s Labor Day travel forecast, to be released tomorrow, will provide more good news about the millions of dollars Americans who are road-tripping will save compared to last year.”
