GasBuddy News for August 26, 2020

Montana gas prices are unchanged in the past week, averaging $2.24/g today, according to GasBuddy's daily survey of 615 stations. Gas prices in Montana are 1.6 cents per gallon higher than a month ago and stand 49.3 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in Montana is priced at $2.03/g today while the most expensive is $2.85/g, a difference of 82.0 cents per gallon. The lowest price in the state today is $2.03/g while the highest is $2.85/g, a difference of 82.0 cents per gallon.

The national average price of gasoline has risen 0.8 cents per gallon in the last week, averaging $2.18/g today. The national average is down 0.5 cents per gallon from a month ago and stands 41.1 cents per gallon lower than a year ago.

Historical gasoline prices in Montana and the national average going back ten years:

August 24, 2019: $2.74/g (U.S. Average: $2.59/g)

August 24, 2018: $2.94/g (U.S. Average: $2.84/g)

August 24, 2017: $2.44/g (U.S. Average: $2.35/g)

August 24, 2016: $2.30/g (U.S. Average: $2.20/g)

August 24, 2015: $2.77/g (U.S. Average: $2.60/g)

August 24, 2014: $3.58/g (U.S. Average: $3.43/g)

August 24, 2013: $3.68/g (U.S. Average: $3.53/g)

August 24, 2012: $3.61/g (U.S. Average: $3.73/g)

August 24, 2011: $3.70/g (U.S. Average: $3.57/g)

August 24, 2010: $2.86/g (U.S. Average: $2.67/g)

Neighboring areas and their current gas prices:

Idaho- $2.38/g, up 0.3 cents per gallon from last week's $2.38/g.

Billings- $2.18/g, up 1.6 cents per gallon from last week's $2.16/g.

Wyoming- $2.17/g, up 2.2 cents per gallon from last week's $2.14/g.

"All eyes are on the Gulf of Mexico as two tropical systems head toward a sensitive area for the oil industry, and while these storms bear monitoring, they thankfully are unlikely to have a major impact on gas prices that for the eighth straight week have been mostly quiet," said Patrick De Haan, head of petroleum analysis for GasBuddy. "While Hurricane Marco and likely-soon-to-be Hurricane Laura churn in the Atlantic, current forecasts show limited ability for them to turn into a major hurricane, which means that motorists need not panic about gasoline supply or price. We should be able to weather both of these storms, barring a major increase in peak intensity. In addition, with gasoline demand still weak due to COVID-19, there's ample capacity for refineries that are not in the path of the storms to raise output should the situation warrant it."

GasBuddy is the authoritative voice for gas prices and the only source for station-level data spanning nearly two decades. Unlike AAA's once daily survey covering credit card transactions at 100,000 stations and the Lundberg Survey, updated once every two weeks based on 7,000 gas stations, 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.