High Gas Prices

Kort Guillette fills up his vehicle with gas on May 1, 2018, at the Common Cents on South Fifth Avenue in Pocatello.

Idaho gas prices have started to drop, AAA Idaho reports, with the average for regular unleaded currently at $3.18, two cents less than a week ago. That’s still seven cents more than a month ago, but a penny less than Idaho’s average at the same time last year. We’re considerably above the national average of $2.80.

Matthew Conde, AAA Idaho public affairs director, said, “At the beginning of the year, crude oil traded for $45 a barrel, and the price eventually reached $66 in late April.” Since then, he said, “Strong domestic oil production and concerns about a global oversupply have caused prices to slip nearly $10 over the past few weeks; they’re currently around $54 a barrel.

In addition, refineries in the region are back in full action after maintenance-related shutdowns, hitting 96 percent utilization last week, Conde said in a news release. During the run-up, Idaho’s average gas price per gallon hit a high of $3.20 on May 15 and stayed there through Memorial Day.

AAA is predicting that Idaho's gas prices will continue to fall to the $3.12 range in the coming weeks, as the national average is projected to drop to $2.70.

Betsy Z. Russell is the Boise bureau chief and state capitol reporter for the Idaho Press and Adams Publishing Group. Follow her on Twitter at @BetsyZRussell.

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