Idaho gas prices have fallen 6.5 cents per gallon in the past week, averaging $2.41/g today, according to GasBuddy’s daily survey of 802 stations. Gas prices in Idaho are 9.6 cents per gallon lower than a month ago and stand 1.2 cents per gallon lower than a year ago.
The national average price of gasoline has fallen 12.8 cents per gallon in the last week, averaging $2.08/g today. The national average is down 38.5 cents per gallon from a month ago and stands 54.7 cents per gallon lower than a year ago.
Neighboring areas and their current gas prices
Montana- $2.24/g, down 7.7 cents per gallon from last week’s $2.32/g.
Boise- $2.52/g, down 5.0 cents per gallon from last week’s $2.57/g.
Spokane- $2.50/g, down 5.3 cents per gallon from last week’s $2.55/g.
“Gas prices have spent virtually all of March marching lower, with the drop continuing as the coronavirus destroys oil demand globally, leading to the lowest oil prices we’ve seen in 18 years, paving the way for still an additional 35-75 cent per gallon drop at most stations in the weeks ahead,” said Patrick DeHaan, head of petroleum analysis for GasBuddy.
“I don’t think I’ve ever seen such a collapse in prices, even including the Great Recession. What we’re witnessing is easily going to go down as the great collapse in oil demand, and for motorists hurrying to fill up today, they’re wasting their money as prices will continue to drop in the days ahead. Gas stations are passing along the drop several weeks behind, and there’s plenty more room for prices to drop, putting 99 cents per gallon prices as a strong possibility for perhaps many more stations than we previously anticipated. This is truly an unprecedented turn of events.”
GasBuddy is the authoritative voice for gas prices and the only source for station-level data spanning nearly two decades.
GasBuddy’s survey updates 288 times every day from the most diverse list of sources covering nearly 150,000 stations nationwide, the most comprehensive and up-to-date in the country. GasBuddy data is accessible at http://FuelInsights.GasBuddy.com.