Montana’s gas prices dropped for the first time in months this past week, April 13-19, but declining prices may not stick around for long. Petroleum analyst Patrick Dehaan explains why.

"It's been a relatively quiet week across Montana, prices actually dropped about four-tenths of a penny. Finally, that drop that we had been hoping was coming. Although, it may be short, last week oil prices rallied significantly and now we are facing some of the highest oil prices we've seen since November."

Those high oil prices are causing spikes in markets across the U.S., but haven’t hit Montana yet.

"Prices around the state of Montana $2.31 a gallon, that's about $1.01 lower than last year. Some of the cheapest prices though, a bit below that. The low price in Billings is at $2.14, it's at $2.17 in Great Falls, and higher in Missoula at $2.24.

According to DeHaan, the main reason oil prices are jumping up, is because American oil producers are pumping less oil into the market than expected and there was less inventory on hand than expected.

 

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