Posts tagged: gas prices
Gas prices across the nation have just posted their biggest one-week decline since 2008, AAA Idaho reports, but Idaho hasn't yet felt it. In the Gem State, gas prices are averaging $3.82 a gallon, 19 cents higher than the U.S. average and down just a penny in the last week. The national average dropped 13 cents in the last week to $3.63 a gallon.
AAA predicts that national average gas prices will fall to between $3.40 and $3.65 by Election Day - just two weeks away - and down to $3.25 to $3.40 by Thanksgiving. But in Idaho? “We don't know,” said Dave Carlson, director of public and government affairs. “I would think it's safe to say that we should see some decline in prices.” You can read AAA's full news release here.
Idaho's gas prices have jumped 5.5 cents a gallon in the past week, AAA Idaho reports, pushing the state's average price up to $3.855, a penny higher than the national average of $3.843. A month ago, Idaho's average price for a gallon of regular gasoline was 12 cents below the national average; since then, it's risen 28 cents a gallon.
Still, AAA Idaho notes it could be worse: Nine states currently have average prices above $4 a gallon, including Oregon at $4.04 and Washington at $4.06.
As gas prices shoot up dramatically across the nation, Idaho's escaped much of the latest jump, AAA Idaho reports, with Idaho's average gas price now sitting at $3.59 per gallon. That's 11 cents less than the national average, and 40 cents below the West Coast average. The national average has shot up seven cents in the past week and 30 cents in the past month, amid various domestic supply and distribution issues and an uptick in oil prices. The problems have included a Richmond, Calif. oil refinery fire that particularly impacted California and other West Coast states. California's average gas price is now $4.10; Oregon is at $3.89 - up 21 cents in the past week - and Washington is also at $3.89.
Dave Carlson, AAA spokesman, said Idaho still could see some impact. “How high gas prices will move on the West Coast depends on how quickly the Richmond refinery is operating and how much of the slack caused by the fire there can be picked up by regional refineries,” he said. “Whether Idaho prices will be similarly affected will depend on whether gasoline intended for this market is diverted elsewhere.” You can read more here.
AAA is predicting more holiday travelers covering more miles over the July 4 holiday this year, with a jump big enough to tie the past decade's high mark, set in 2007 prior to the recession. “We view the projected increase in travel as a positive signal, even though it's surrounded by a mixed bag of economic drivers,” said Dave Carlson, AAA Idaho public affairs director. Factors pushing toward more travelers include the holiday falling in the middle of the week, which likely will prompt more travelers to make longer trips and extend their holidays. A survey by AAA found that 54 percent of those planning to travel for the holiday will begin their trip prior to the start of the work week that includes the Wednesday holiday.
The motorists' group also cited stable airfares and declining gas prices nationwide, though Idaho's average gas price is now six cents a gallon higher than it was a year ago; the U.S. average gas price is 15 cents per gallon lower than it was a year ago. Idaho now has the sixth highest average gas price of any U.S. state. Though more travelers are expected to travel farther this year, they're also expected to spend less each; median spending is expected to be down 7 percent from last year.
While gas prices in Idaho are considerably higher than they were a year ago, AAA Idaho says they're down from the level of a month ago, and nationwide, 4 percent more Americans are expected to travel for the Thanksgiving holiday. The auto owners group reports that today's average gas price in Idaho is $3.46 per gallon, 52 cents higher than a year ago, but 15 cents less than a month ago. The national average gas price is $3.34, down 12 cents from last month's average of $3.46.
AAA is also advising motorists to check road conditions before they head out for the holiday, either by dialing 511 or going to www.511.idaho.gov.
Gas prices have jumped by 18 cents, the second-largest one-week increase since 1990, the AAA reports, second only to the September 2005 spike after Hurricane Katrina. The rise pushed the average U.S. gas price to $3.47 per gallon, and the Idaho average to $3.28 a gallon, AAA said; you can see their latest gas prices report here, including price comparisons in six Idaho communities.
Idaho’s average gas price is now $2.99 per gallon, up four cents in the past three weeks and 31 cents above the national average of $2.68, according to AAA of Idaho. But the AAA is forecasting a 10 percent increase in auto travel over the Labor Day holiday weekend in Idaho and the region, compared to last year, despite the pricier gas. “We do not expect Idaho’s higher gas prices will have any sizable impact on travel intentions, though the final tally may have more to say on that topic,” said Dave Carlson, director of public and government affairs for AAA Idaho.
The group’s daily fuel gauge report showed that Idaho’s average gas price ties for the fifth-most expensive gas in the country, behind only Alaska, $3.51 per gallon; Hawaii, $3.47; California, $3.08; and Washington, $3.06. Idaho tied with Oregon, but Oregon doesn’t have self-serve gas, requiring motorists to let an attendant pump their gas for them.
AAA said Idaho’s average price has been more than 20 cents higher than the national average gas price for the past five months. “Market factors can influence prices from region to region and even locally, but it’s difficult to comprehend what’s driving this year’s high pump prices in Idaho,” Carlson said. Click here to read AAA’s full statement.
Here’s a news item from The Associated Press: BOISE, Idaho (AP) — The spokesman for AAA Idaho says the reason a gallon of gas in the state has been at least 20 cents higher than the national average for most of the spring is because refineries in Utah aren’t producing enough to meet demand in the two states. Dave Carlson says lawmakers in Utah should ask refineries why more isn’t being produced. AAA reports that the national average cost for a gallon of regular gasoline on Friday was $2.749. The cost in Idaho is $3.023, and in Utah $3.055. Carlson told the Idaho Statesman that Idaho is an isolated market and that’s part of the reason for the higher prices. He predicts gas prices will fall in the next 30 days.
The Idaho AAA says gas prices in Idaho are now the ninth highest in the nation and they’re “refusing to budge,” even as prices are falling in other states. “The peak driving season is over and prices in the rest of the country have dropped from their seasonal highs in most regions of the country, but not here,” said AAA Idaho Public Affairs Director Dave Carlson. Idaho’s average price for regular gas is now $2.71, AAA reported, within a penny of its level for the past month. Nationwide, national average gas prices have dropped 14 cents in the past month to $2.53. Things are even worse up north, AAA noted, with gas in Sandpoint and Lewiston at $2.83 and Coeur d’Alene at $2.75. Click “continue reading” below to read AAA’s full press release.