Gem State average gas price is 17 cents per gallon cheaper than a year ago

Idaho drivers were pleasantly surprised when they stopped to fill up over the holiday weekend — gas prices held steady despite a record 72.2 million Fourth of July travelers.

According to AAA, Monday’s average price for a gallon of regular in the Gem State was $3.42, the same as a week ago and 17 cents less than a year ago. The national average sits at $3.14 per gallon, which is 4 cents less than a week ago and about 37 cents cheaper than a year ago. 

Idaho moved up one spot to seventh in the country for the most expensive fuel behind California ($4.56), Hawaii ($4.47), Washington ($4.41), Oregon ($4.02), Nevada ($3.76) and Alaska ($3.73). Forty-eight of the 50 states saw prices drop or level off from the previous week.

Coeur d'Alene prices were averaging $3.38 per gallon.

“Crude oil prices dipped after a strong spike during the recent conflicts in the Middle East, and gasoline demand has been steady. It’s possible that the surge in road trips was offset by others who hunkered down and celebrated closer to home,” says AAA Idaho public affairs director Matthew Conde. “While pump prices aren’t exactly low, they’re better than a year ago.” 

The West Texas Intermediate benchmark for crude oil is currently trading near $68 per barrel, which is $3 more than a week and a month ago, but $14 per barrel less than a year ago. 

“Do your homework on fuel rewards points, either through your credit card, grocery store or other retailers,” Conde said. “With so much summer yet to be enjoyed, stretching your fuel budget could make all the difference in your next adventure.” 

Here’s a look at Idaho gas prices as of Monday: Boise, $3.41; Franklin, $3.26; Idaho Falls, $3.31; Lewiston, $3.36; Pocatello, $3.36 and Twin Falls, $3.40.