Idaho gas prices remain in holding pattern

The following is a news release from AAA Idaho.

BOISE – So close, and yet, so far. AAA reports that Idaho’s average price for a gallon of regular gas hovered just above the $3 mark for another week.

But on a positive note, drivers in some parts of the state are currently celebrating a price that begins with a “2.”

Idaho drivers are paying an average of $3.04 per gallon of regular Monday, which is half a penny more than a week ago, but about five cents cheaper than a month ago and 13 cents more than a year ago. The national average currently sits at $3.12 per gallon, which is about the same as a week ago, but nine cents more than a month ago and two cents more than a year ago.

Idaho is in 22nd place for most expensive fuel – another welcome reprieve from being in the top ten.

“Plenty of Idaho gas stations are already below three bucks, and we’re hopeful that the state average will get there at some point,” says AAA Idaho public affairs director Matthew Conde. “After topping $80 for a barrel of crude oil in mid-January, prices have been steadily dropping for the past couple of weeks, which may translate to additional savings at the pump.”

The West Texas Intermediate benchmark for crude oil is currently trading near $73 per barrel, which is $3 less than a week ago, but $2 more than a month ago and $5 per barrel less than a year ago. If the cost of crude continues to fall, gas prices could follow.

Here’s a look at Idaho gas prices, as of Jan. 27:

Boise – $3.00
Coeur d’Alene – $2.91
Franklin – $3.01
Idaho Falls – $3.04
Lewiston – $3.05
Pocatello – $3.07
Rexburg – $3.08
Twin Falls – $3.10

The post Idaho gas prices remain in holding pattern appeared first on East Idaho News.