Idaho gas prices still dropping, but slowing down

The pursuing is simply a news merchandise from AAA Idaho.

BOISE – For Idaho drivers, it’s been different week of savings astatine nan pump, but prices whitethorn alteration guidance soon.

According to AAA, nan mean value for a gallon of regular successful nan Gem State is $3.55, which is 3 cents little than a week ago, 23 cents little than a period ago, and 43 cents little than a twelvemonth ago. Meanwhile, nan nationalist mean held dependable astatine $3.45 per gallon this week, which is 16 cents little than a period agone and 13 cents little than a twelvemonth ago.

Idaho remains successful 12th spot successful nan federation for astir costly substance – different week retired of nan apical ten.

“Last week, nan authorities mean dropped by six cents, and this week, by 3 cents. We whitethorn spot pump prices bottommost retired soon for nan long of nan summer,” says AAA Idaho nationalist affairs head Matthew Conde. “With nan 4 th of July conscionable astir nan area and a grounds number of travelers expected to deed nan roads and caput for nan airports, this play of different savings whitethorn soon travel to an end.”

According to nan Energy Information Administration, refineries are presently operating astatine 93.5% of capacity nationwide, a 1.5% alteration from nan erstwhile week. However, Rockies refineries person accrued production, jumping from conscionable nether 97% to an astonishing 98.3%.

In caller weeks, beardown refinery accumulation has helped offset rising demand, which jumped to 9.4 cardinal barrels per day, an summation of 400,000 b/d from nan erstwhile week. However, storm-related issues astatine a refinery successful Corpus Christi and a heat-related problem astatine a refinery successful Wood River, Illinois whitethorn correspond nan first disruptions successful nan caller trend.

“When temperatures scope 100 degrees and higher, refineries thin to acquisition much breakdowns, which could effect nan proviso concatenation and, successful turn, prices astatine nan pump,” Conde said. “And if a hurricane makes landfall adjacent a awesome refinery aliases metro area, that tin inject further chaos into nan system.”

The West Texas Intermediate benchmark for crude lipid is presently trading adjacent $82 per barrel, which is $5 much than a period agone and $12 much than a twelvemonth ago. At nan moment, nan caller uptick is an anomaly – crude lipid has been beneath nan $80 people for each but a fewer days since nan opening of May.

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

Boise – $3.58
Coeur d’Alene – $3.49
Franklin – $3.55
Idaho Falls – $3.33
Lewiston – $3.62
Pocatello – $3.46
Rexburg – $3.55
Twin Falls – $3.56

For much information, click here.