Current Gasoline Price Expected to Further Increase

The average price of retail gas in Montana has increased 1 cent a gallon during the previous week, leading to its recent average of $3.33 per gallon, according to a daily survey of gasoline stations across Montana. This compares to the nationwide average gasoline price in the past week, which has also increased 1 cent to $3.51 per gallon, according to the gas price tracking analysts.

Including Montana’s gasoline price change last week, the current gasoline price average in the area is lower by 39.8 cents a gallon compared to the same day last year and below last month’s level by 1.7 cents a gallon. At the national level, the average gasoline price is 7.8 cents a gallon below its level in the past month and is 26.8 cents a gallon lower compared to the same day last year.

The average price of gasoline throughout the country has posted slight increases in the past week, with several areas in the West Coast and Great Lakes leading the rises with significantly high increases at the pump, according to industry analysts. The price of oil has bounced back and, with the latest boost in stocks moving over to commodities, gasoline prices today are expected to keep on moving higher in the coming weeks. The largest rises will be along the West Coast, where the supply of gasoline stays very tight. However, prices will also increase in several other regions, pushed higher by the rise in the crude price per barrel that occurred in the past week.