Gas prices slowly falling
The cost of crude oil has plummeted since the beginning of the month, and gas prices are slowly falling in response.
According to AAA, Monday’s average price for a gallon of regular in the Gem State was about $3.31, 2 cents less than a week ago, 4 cents more than a month ago, and 61 cents less than a year ago.
The national average sits at $3.15 per gallon — 3 cents less than a week ago, 3 cents more than a month ago, and 52 cents less than a year ago. Idaho ranks 10th in the country for the most expensive fuel behind California ($4.84), Hawaii ($4.51), Washington ($4.31), Oregon ($3.94), Nevada ($3.89), Alaska ($3.63), Illinois ($3.37), Pennsylvania ($3.35) and Arizona ($3.34).
Coeur d'Alene's average prices is $3.35.
“Crude oil prices have dropped significantly, creating a carryover effect for drivers filling up their cars these days,” said AAA Idaho public affairs director Matthew Conde. “We’ll keep a close eye on pump prices to see if the trend of savings continues this week.”
The West Texas Intermediate benchmark for crude oil is trading near $63 per barrel, which is nearly $2 more than a week ago, but $5 less than a month ago. If the price of crude remains well below the $70 mark this week, gas prices could slide again this week.
Here’s a look at Idaho gas prices as of Monday: Boise, $3.22; Franklin, $3.23; Idaho Falls, $3.23; Lewiston, $3.43; Pocatello, $3.27; Rexburg, $3.32; Twin Falls, $3.37.