(Idaho State) In a rare turn of events, Idaho drivers are paying less for a gallon of regular gasoline than the national average. But higher prices may be on the horizon.
The average price for a gallon of regular in the Gem State is $3.05, which is about three cents less than a week ago, five cents more than a month ago, and about the same price as a year ago. The U.S. average currently sits at $3.07, which is about half a penny more than a week ago, five cents more than a month ago, and about the same price as a year ago.
Idaho currently ranks 16th in the country for most expensive fuel. Today’s most expensive gas is in Hawaii at $4.55 per gallon, and the cheapest fuel can be found in Oklahoma at $2.59 per gallon.
“After trending 30 or 40 cents cheaper per gallon for most of last year, the savings have come to a close,” says AAA Idaho public affairs director Matthew Conde. “We’re faring better than some other parts of the country, and we’re within range of the $3 mark, which is great – but crude oil is extremely volatile right now. With additional sanctions on Russian crude, global market concerns about future supply are driving up oil prices, and there could be a ripple effect at the pump.”
The West Texas Intermediate benchmark for crude oil is currently trading near $78 per barrel, which is $4 more than a week ago, $8 more than a month ago, and $6 more than a year ago. Crude oil makes up more than half of the price of finished gasoline, so if the cost of crude remains high, gas prices will follow, even though fuel demand has cooled with the weather.
Here’s a look at Idaho gas prices as of 1/14/25:
Boise – $3.04
Coeur d’Alene – $2.83
Franklin – $2.99
Idaho Falls – $3.05
Lewiston – $3.04
Pocatello – $3.07
Rexburg – $3.07
Twin Falls – $3.09
For more information, please visit https://gasprices.aaa.com/ and the AAA Fuel Price Finder.
