Gas prices lowest in months
BILL BULEY | Hagadone News Network | UPDATED 2 years, 1 month AGO
A gallon of regular unleaded was going for $3.37 at A and D Mini Mart at Fourth and Best on Monday.
BILL BULEY/Press
Bill Buley covers the city of Coeur d'Alene for the Coeur d’Alene Press. He has worked here since January 2020, after spending seven years on Kauai as editor-in-chief of The Garden Island newspaper. He enjoys running. | December 6, 2022 1:08 AM
COEUR d'ALENE – The price on the reader board at A and D Mini Mart on Monday was one not seen in some time - a gallon of regular unleaded for $3.37, breaking the $3.40 barrier.
That may have been the lowest in Coeur d'Alene, but it was a big improvement from a month ago.
"Nice to see gas coming down," said a man who was returning to his car near Fourth and Best on the cold, gray day.
According to AAA, Idaho’s average price for regular is $3.94 per gallon, which is 17 cents less than a week ago and 36 cents less than a month ago.
However, current prices are still 28 cents more than a year ago.
Prices in Coeur d'Alene were still as high as $3.66 for a gallon of regular unleaded. .
Meanwhile, the national average sits at $3.40 per gallon, which is 14 cents less than a week ago and 40 cents less than a month ago, but just a nickel more than a year ago.
Idaho ranks seventh in the U.S. for most expensive fuel behind Hawaii ($5.18), California ($4.77), Nevada ($4.48), Washington ($4.32), Oregon ($4.21), and Alaska ($4.13).
Falling fuel demand has helped tamp down gas prices, despite the continued high cost of crude oil.
“It’s encouraging that Utah, where most of Idaho’s gasoline supply is refined, is seeing an average price of $3.79 per gallon today,” said AAA Idaho public affairs director Matthew Conde. “Hopefully, the trend will continue, and Gem State prices will be even better in the run-up to the holidays.”
But that could change.
Conde said OPEC recently announced that it will follow through on an agreement to cut crude production by two million barrels per day, and Russia has also threatened to withhold oil from any nation that attempts to cap its prices. While supply issues or a surge in holiday fuel demand could send pump prices higher, we’re keeping our fingers crossed that more savings are on the way.”
Some Idaho gas prices as of Monday: Boise - $3.99; Franklin, $3.86; Idaho Falls, $3.92; Lewiston, $4.30 and Twin Falls, $3.99
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