Gas prices slowly falling
Coeur d'Alene Press | UPDATED 8 months AGO
The cost of crude oil has plummeted since the beginning of the month, and gas prices are slowly falling in response.
According to AAA, Monday’s average price for a gallon of regular in the Gem State was about $3.31, 2 cents less than a week ago, 4 cents more than a month ago, and 61 cents less than a year ago.
The national average sits at $3.15 per gallon — 3 cents less than a week ago, 3 cents more than a month ago, and 52 cents less than a year ago. Idaho ranks 10th in the country for the most expensive fuel behind California ($4.84), Hawaii ($4.51), Washington ($4.31), Oregon ($3.94), Nevada ($3.89), Alaska ($3.63), Illinois ($3.37), Pennsylvania ($3.35) and Arizona ($3.34).
Coeur d'Alene's average prices is $3.35.
“Crude oil prices have dropped significantly, creating a carryover effect for drivers filling up their cars these days,” said AAA Idaho public affairs director Matthew Conde. “We’ll keep a close eye on pump prices to see if the trend of savings continues this week.”
The West Texas Intermediate benchmark for crude oil is trading near $63 per barrel, which is nearly $2 more than a week ago, but $5 less than a month ago. If the price of crude remains well below the $70 mark this week, gas prices could slide again this week.
Here’s a look at Idaho gas prices as of Monday: Boise, $3.22; Franklin, $3.23; Idaho Falls, $3.23; Lewiston, $3.43; Pocatello, $3.27; Rexburg, $3.32; Twin Falls, $3.37.