Wolf Point Herald

Gas Prices Fall 11 Cents

 

Average retail gasoline prices in Montana have fallen 11.3 cents per gallon in the past week, averaging $3.05/gallon Sunday, according to GasBuddy's daily survey of 615 gas outlets in Montana. This compares with the national average that has fallen 5.4 cents per gallon in the last week to $3.20/gal, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Montana during the past week, prices Sunday were 46.3 cents per gallon lower than one year ago and are 42.8 cents per gallon lower than a month ago. The national average has decreased 17.4 cents per gallon during the last month and stands 26.7 cents per gallon lower than this day one year ago.

"Gas prices across many communities are now the lowest since they've been since the Libyan crisis in February of 2011. Nearly 15 percent of all stations in the U.S. are now selling gasoline under the psychologically important $3/gal. level," said GasBuddy.com senior petroleum analyst Patrick DeHaan. "States that saw the largest declines last week were Montana, Ohio and Indiana, all where prices declined at least 15 cents per gallon. Several stations in Tulsa, Oklahoma, which features the cheapest gas in the U.S. are selling at a mere $2.45/gallon, a number so low that had you said that just six weeks ago, motorists would have been shaking their heads in disbelief. Prices nationally could drop to as little as $3.05 a gallon by Christmas," DeHaan said.