Gas prices in Idaho are virtually unchanged over the past month, while U.S. prices have been edging downward.
According to AAA-Idaho’s Dave Carlson, Idaho motorists are paying substantially more for a gallon of regular gasoline than the national average, which has dropped 12 cents in the past month to $2.62.
AAA-Idaho’s Dave Carlson discusses Idaho gas prices.
Oil prices rallied this week, ending today’s trading at $79.81 a barrel. Oil futures closed the session up 0.9 percent, on the heels of a stronger dollar and the Federal Reserve’s move to raise its discount rate. The finishing price is up from near $71 a barrel just 13 days ago.
Carlson comments on the volatility of oil prices.
In terms of demand forecasts, which have been slightly mixed, Carlson says overall there does not appear to be any dramatic improvements on the horizon.
Carlson says it’s tough to see big changes anytime soon.
Idaho’s $2.71 a gallon price is the 12th-highest in the nation. The highest prices are in Hawaii at $3.44 a gallon; Alaska, $3.32; and California, $2.92. The lowest prices have been recorded in Missouri, at $2.39; Oklahoma, $2.44; and Texas and South Carolina, each at $2.47.
Washington’s prices average $2.82; Oregon, $2.73; and Montana, $2.66.
