Montana Jumps to 8th Highest Gas Prices in the Nation

Missoula, MT (KGVO-AM News) - After dropping seven weeks in a row, Montana gas prices have taken a significant jump in back-to-back weeks. Patrick De Haan is the head of petroleum analysis at GasBuddy, and he provided the current numbers.             

“Average gasoline prices in Montana have risen 17.3 cents per gallon in the last week, averaging $4.30 per gallon today,” De Haan said. “Prices in Montana are 38.6 cents per gallon higher than a month ago and stand $1.06 cents per gallon higher than a year ago."                        

As of Monday morning, the two stations at the corner of Reserve and Mullan in Missoula were charging $4.26, which is a 27-cent decrease from last week. The two stations at the corner of Reserve and South were charging $4.26. According to GasBuddy price reports, the cheapest station in Montana was priced at $3.88 per gallon yesterday, while the most expensive was $5.34 per gallon.                           

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Montana is currently ranked 8th in the U.S. when it comes to the average price of gas, which is five spots higher than last week.               

"The national average price of gasoline has risen 10.8 cents per gallon in the last week, averaging $4.06 per gallon today,” De Haan said. “The national average is up 23.9 cents per gallon from a month ago and stands 95.6 cents per gallon higher than a year ago. The national average price of diesel has increased 17.8 cents compared to a week ago and stands at $5.26 per gallon.”          

READ MORE: Montana Gas Prices Drop For Six Straight Weeks After Record Highs 

De Haan said average gas and diesel prices rose in nearly every state over the last week. 

"Continued escalations between the U.S. and Iran, renewed Houthi attacks in the Red Sea, and fresh Ukrainian strikes on Russian oil refineries combined to keep upward pressure on both crude and refined product markets," De Haan said. "However, a weekend pullback in hostilities offered some relief, with oil prices opening sharply lower Sunday, suggesting the pace of increases at the pump may moderate in the days ahead. For now, motorists should expect prices to remain elevated, but the intensity of further gains will depend heavily on how the geopolitical situation develops in the coming week."