For The First Time In 833 Days, Gas Prices Are Higher Than They Were A Year Ago
While gas prices fall across the country, Montana prices are rising. Gasbuddy.com’s Petroleum Analyst Patrick DeHaan explains.
“The statewide average is up to 2.36 which is just a 0.3 cent rise in the last week,” said DeHaan. “Oil prices have held steady and actually some areas like Salt Lake City has seen their gas prices skyrocket on some refinery maintenance. We may begin to see a little uptick in areas of Missoula and across the state in the next week.”
DeHaan says this week marks the first time in a long time that gas prices are higher than they were at the same time last year.
“For the past 119 weeks or 833 days, the national average for a gallon of gas has been cheaper than the previous year,” DeHaan said. “Here we are today and gas is actually more expensive than a year ago today. It is very possible that we do keep trending higher now than we did a year ago. Last year, prices were trending far lower.”
DeHaan says the low gas price trend is fading away as discussion from both OPEC and non-OPEC members appears to be aligned for a likely production cut at the OPEC meeting in late November.