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Gasoline prices remain stable in Idaho – Dailyfly

The national average has been about $3.93 per gallon since mid-April

BOISE – (April 29, 2024) – Idaho gas prices are in a holding pattern this week. The state's average price for regular gas as of April 17 is $3.93 per gallon (plus or minus a fraction of a penny). This is a welcome change from the previous trend of rising prices week on week at the start of spring.

According to AAA, Gem State drivers are currently paying 27 cents more than a month ago and 22 cents more than a year ago. Meanwhile, the national average is $3.66 per gallon, down two cents from a week ago, 12 cents more than a month ago and four cents more than a year ago.

Idaho currently ranks 9th nationally for most expensive fuel, behind California ($5.40), Hawaii ($4.81), Washington ($4.68), Nevada ($4.59), Oregon ($4.49 $), Alaska ($4.38), Arizona ($4.03) and Illinois ($3.95). Gas prices fell in 29 states this week.

“The national average has not changed in some time, giving Idaho drivers some time to breathe,” said Matthew Conde, director of public affairs for AAA Idaho. “But prices in the Treasure Valley are still very close to $4, and pressure is increasing in the Pocatello area and other parts of the state. If we're lucky, we may be able to pause for another week or two, but as we get closer to Memorial Day, a surge in fuel demand could overwhelm us.”

According to the Energy Information Administration, U.S. gas demand fell by nearly 200,000 barrels per day last week, but inventories also fell by 600,000 barrels. Regional refineries increased production to 85.7% of capacity, but are still nowhere near the national production rate of 88.5%.

The West Texas Intermediate crude oil benchmark is currently trading at about $83 a barrel, the same as a week ago and $1 less than a month ago, but $6 more than a year ago . While some market fears related to the conflicts between Ukraine and Russia and Iran and Israel have subsided, any increase in geopolitical tensions could push oil prices higher, which in turn could affect the price of finished gasoline.

While the current most expensive gasoline is available in California for $5.40 per gallon, the cheapest fuel can be purchased in Mississippi for $3.08 per gallon.

“The Environmental Protection Agency recently granted a waiver to allow continued sales of E85 gasoline for most of May and will likely renew the waiver throughout the summer to help reduce pump prices,” Conde said . “We will have to wait and see how effective this strategy is once the road trip season is in full swing.”

Here's a look at Idaho gas prices as of 4/29/24:

Boise – $3.99
Coeur d'Alene – $3.86
Franklin – $3.91
Idaho Falls – $3.86
Lewiston – $3.85
Pocatello – $3.96
Rexburg – $3.88
Twin Falls – $3.91

For more information, visit the AAA Fuel Price Finder.

Anna Harden

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