Connect with us

Hi, what are you looking for?


Despite rising crude oil costs, Idaho gas prices decline.

According to new data from the Energy Information Administration (EIA), gas demand jumped from 8.85 to 8.91 million b/d last week. (Photo: PHStar)

According to AAA, future gas prices will rise as a result of greater demand than anticipated.

AAA claims higher than expected demand will increase gas prices in the future. (Photo: KIVI)

According to KTVB,For drivers in Idaho, the average cost of a gallon of gas is $4.15. The rising price of crude oil, though, has them concerned about future costs.

Matthew Conde, the Idaho public affairs director for AAA, stated, “Unfortunately, it’s difficult to view the current lull with much optimism.” The price of petroleum is rising due to higher-than-anticipated demand and OPEC’s recent decision that production cuts will continue through the end of the year. If this trend continues, we may experience further price increases at the pump.

READ ALSO: Southern Minnesota’s Veterans — Receive More Access To Mental Health Care

According to data from West Texas Intermediate, the price of crude oil is currently about $88 per barrel, $5 higher than one month ago.

According to article from GasPrice, The Energy Information Administration (EIA) just released new statistics showing that gas demand increased last week, rising from 8.85 to 8.91 million b/d. The total domestic gasoline stock, which was previously 216.2 million bbl, is now 217.6 million bbl. Despite rising demand, prices were driven down by rising stock levels.

Idaho prices have decreased by 2.4 cents, according to data from GasBuddy. They believe switching to a gas with a winter blend will help keep gas prices down.

In a news release, Patrick De Haan stated, “I’m hoping this year won’t be any different. Fall tends to bring falling gas prices.”

Currently, Idaho has the ninth-highest gas prices in the US.

READ ALSO: $2M Lawsuit Filed By Lisa Vidal — Against Former Business Manage

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like


News on Inflation Impacting Global Markets: Dollar Weakens, Eurozone Falters, and Precious Metals Dive Global Market Reactions to News on Inflation: Dollar’s Slide and...


Texas is renowned for its sizable cities, cuisine, and cowboy way of life. Texas is the third most populous and second-largest state in the...


Find out which cities to avoid in this list of the most dangerous cities in Florida. If you are planning to visit or move...


Are you planning to visit, move, or travel to Georgia? Here is a list of some dangerous cities in Georgia that you might not...