Devastating wildfires and plummeting crude oil prices are creating savings at the pump, even as fuel demand is rising.
According to the American Automobile Association, Idaho’s average price for a gallon of regular gasoline is $3.57, which is two cents less than a week ago and a month ago, and 34 cents less than a year ago.
Meanwhile, the national average currently sits at $3.51 per gallon, which is a penny more than a week ago and a month ago, but 24 cents cheaper than a year ago. Idaho currently ranks 13th in the U.S. for most expensive fuel.
According to the Energy Information Administration, gasoline demand jumped by nearly 700,000 barrels to 9.5 million barrels per day.
The West Texas Intermediate benchmark for crude oil is currently trading near $75 per barrel,
which is about $5 less than a week ago, $6 less than a month ago, and $6 less than a year ago.
Motorists in Boise are paying the highest average price per gallon in the state at $3.62, while Coeur d’Alene has the state’s lowest average price at $3.43. Lewiston’s average price is currently $3.49.
