Travel volumes are expected to drop heading into the Fall, and gas prices could follow suit.
According to the American Automobile Association, Idaho’s average price for a gallon of regular is $3.58, which is two cents less than a week ago, five cents less than a month ago, and 59 cents less than a year ago. Meanwhile, the national average currently sits at $3.33 per gallon, which is three cents less than a week ago, 15 cents less than a month ago, and 48 cents less than a year ago. Idaho currently has the 9th highest price for gasoline in the U.S.
Apart from weekend getaways here and there, the travel organization doesn’t expect a significant uptick in road trips until closer to Thanksgiving which amounts to less demand for fuel. Additionally, U.S. refineries are also about to make the switch to winter-blend fuel, which is less expensive to produce and may help keep gas prices lower.
The West Texas Intermediate benchmark for crude oil is currently trading near $70 per barrel, which is nearly $6 less than a week ago, $3 less than a month ago, and about $16 less than a year ago.
Motorists in Boise are paying the highest price per gallon for gas in Idaho at $3.62, while Coeur d’Alene has the state’s lowest average price at $3.41. Lewiston’s average price is currently $3.46.
