Idaho gas prices hold steady, U.S. average climbs

The following is a news release from AAA Idaho.

BOISE – Idahoans are braving cold temperatures as they stop to fill up this week, but they also have something to smile about – gas prices that are as frozen as the weather.

According to AAA, the average price for a gallon of regular in the Gem State is $3.04. That’s about half a penny cheaper than a week ago, and nearly two cents cheaper than a month ago, but six cents more than a year ago.

The national average currently sits at $3.12 per gallon, about six cents more than a week ago, eight cents more than a month ago, and a nickel more than a year ago. In recent weeks, Idaho has dropped all the way to 23rd in the country for most expensive fuel.

“The cost of crude oil has surged recently, in part because of increased demand for heating oil in the eastern U.S. – a refined product that’s used to heat many buildings. Higher demand, higher prices,” says AAA Idaho public affairs director Matthew Conde. “On the other hand, gasoline demand is fairly modest and shouldn’t add much pressure to the equation for the time being.”

After hitting $80 per barrel last week, the West Texas Intermediate benchmark for crude oil is currently trading near $76 per barrel, which is about $2 less than a week ago, but $6 more than a month ago and $1 more than a year ago.

While the Trump Administration has signaled that it will take a different approach to energy policy, it is too early to know how proposed changes will impact prices at the pump.

Here’s a look at Idaho gas prices, as of Jan. 21:

Boise – $3.01
Coeur d’Alene – $2.93
Franklin – $2.95
Idaho Falls – $3.06
Lewiston – $3.05
Pocatello – $3.08
Rexburg – $3.08
Twin Falls – $3.09

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