Gasoline Prices Surge in Idaho and Across the Country

Got story updates? Submit your updates here. ›

Gas prices in Idaho and across the United States have risen in recent weeks, with the average price for a gallon of regular gasoline in the Gem State now at $2.85 per gallon. This is about seven cents more than a week ago and two cents more than a month ago, but still 25 cents cheaper than a year ago. The national average price is currently sitting near $2.88 per gallon, about the same as a week ago but five cents more than a month ago and 22 cents less than a year ago.

Why it matters

Higher gasoline prices can impact consumer spending and the overall economy, as transportation costs rise for both individuals and businesses. However, prices remain lower than a year ago, providing some relief to drivers.

The details

The rise in prices is attributed to higher demand for fuel, with the Energy Information Administration reporting a jump of more than 900,000 barrels per day in gasoline demand from the previous week. The West Texas Intermediate benchmark for crude oil is currently trading near $62 per barrel, about $4 more per barrel than a month ago but still $10 cheaper than a year ago.

• The current average price for a gallon of regular gasoline in Idaho is $2.85 per gallon.
• The national average price for a gallon of regular gasoline is currently sitting near $2.88 per gallon.