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BOISE, Idaho (KIFI) – This year, the drop in gas prices after Labor Day was delayed by the effects of Hurricane Ida.
National demand for fuel is starting to decline, AAA says, but the high price of crude oil due to production issues in the Gulf has kept drivers from saving at the pump.
On Monday, Idaho’s average price for the regular is $ 3.79 a gallon, the same as a week ago and two cents cheaper than a month ago.
Prices in Treasure Valley and Magic Valley remain much higher than in the rest of the state.
Here is a selection of Idaho gas prices as of Monday:
- Wooded – $ 3.89
- Coeur d’Alene – $ 3.45
- Franklin – $ 3.79
- Idaho Falls – $ 3.73
- Lewiston – $ 3.54
- Pocatello – $ 3.80
- Twin falls – $ 3.90
Meanwhile, the US average currently stands at $ 3.18, a dime less than a week ago and a month ago. Gem State has the dubious honor of placing 6e in the country for the most expensive fuel, behind California, Hawaii, Nevada, Washington and Utah.
“If you’re a half-full person, you understand that at least gas prices haven’t gone up with the high price of crude oil and the production capacity that Ida took offline,” said Matthew Conde, director. of AAA Idaho Public Affairs. . “There is good news on the horizon – demand is expected to drop over the next month, and a shift to cheaper winter fuel to manufacture should help prices as well. The big question is, when will the supply side of the equation start to cooperate? “
Utah, where most of Idaho’s finished gasoline is refined, saw a two-cent-per-gallon price drop this week, which could be a sign of lower prices coming in. Gem State.
Nearly 48% of crude oil production in the Gulf is still closed, and several refineries in the region have also been resuming operations for several weeks. Today, the West Texas Intermediate benchmark for crude oil is trading at close to $ 70 a barrel. If production issues persist or additional refining capacity is affected by the arrival of Tropical Storm Nicholas in Texas later this week, the price of crude oil and gas could rise, especially in the hardest hit areas. by the storm.
You can find the lowest gas prices in the area HERE.
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