Idaho gas prices drop slightly from a week ago

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  Published astatine 3:33 pm, August 12, 2024
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The pursuing is simply a news merchandise from AAA Idaho.

BOISE — After a six-cent jump past week, Idaho state prices are erstwhile again opening to calm down.

According to AAA, today’s mean value for a gallon of regular successful nan Gem State is $3.61, which is 2 cents little than a week ago, a penny little than a period ago, and 45 cents little than a twelvemonth ago.

The nationalist mean presently sits astatine $3.44 per gallon, which is 3 cents little than a week ago, 10 cents little than a period ago, and 40 cents little than a twelvemonth ago. Idaho presently ranks 9th successful nan state for astir costly substance down Hawaii ($4.66), California ($4.60), Washington ($4.23), Nevada ($3.94), Illinois ($3.89), Oregon ($3.88), Alaska ($3.76), and nan District of Columbia ($3.69).

Drivers successful 35 states are seeing little state prices to statesman nan week.

“The costs of crude lipid is somewhat skittish lately, but home crude accumulation precocious deed an all-time precocious of 13.4 cardinal barrels per day, and location are rumors that immoderate of OPEC’s accumulation cuts will extremity connected October 1,” says AAA Idaho nationalist affairs head Matthew Conde. “If nan marketplace believes that it will beryllium well-supplied heading into nan Fall, that could thief support pump prices down.”

The West Texas Intermediate benchmark for crude lipid is presently trading astatine $79 per barrel, which is $6 much than a week ago, but $3 little than a period agone and $4 little than a twelvemonth ago.

According to nan Energy Information Administration, gasoline request dipped by 250,000 barrels per time to 9 cardinal b/d past week, while gasoline accumulation outpaced request astatine 10 cardinal b/d.

Gasoline stocks besides accrued by 1.3 cardinal barrels this week. U.S. refineries accrued accumulation to 90.5% of capacity, pinch nan Rockies refineries soaring from 89% to 94% of operating capacity.

Here’s a look astatine Idaho state prices arsenic of Monday:

Boise – $3.65
Coeur d’Alene – $3.44
Franklin – $3.60
Idaho Falls – $3.55
Lewiston – $3.49
Pocatello – $3.66
Rexburg – $3.50
Twin Falls – $3.63

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