AAA says soaring gasoline prices could slow down. The national average for a gallon of gasoline has remained stable for five days as the fuel supply is back on line.
BOISE, Idaho After several weeks of rising gasoline prices here in Idaho and across the country, AAA says things appear to be stabilizing.
The Gem State’s average price for a gallon of regular gasoline is $ 2.99, more than 50 cents a month ago.
The AAA reports that the national average has held steady at $ 2.88 for five consecutive days. A slight drop in demand for fuel combined with an increase in refinery output to increase gasoline inventories and slow price increases.
Idaho currently ranks 12th in the country for the most expensive fuel. But AAA says there is a silver lining.
“The average price in Idaho has jumped another ten cents this week, but our region is also one of the last to respond to national trends, so we’re hoping price stability elsewhere is a sign that things might turn around. calm down here in the coming weeks ”. says AAA Idaho spokesperson Matthew Conde. “Much will depend on how the demand for fuel returns as the road travel season begins.”
After being hit hard by winter storms, refinery production rates fell to 76%, just 7% lower than before some facilities were forced to shut down operations in February. During the week, gasoline inventories also edged up to 232 million barrels, and the price of crude oil was about $ 2 a barrel cheaper, further stabilizing prices at the pump.
Travelers can use the AAA COVID-19 card for the latest information on national and local restrictions.
Here is a selection of gasoline prices in Idaho as of March 22:
- Boise – $ 3.10
- Coeur d’Alene – $ 2.71
- Franklin – $ 3.19
- Idaho Falls – $ 2.91
- Lewiston – $ 2.80
- Pocatello – $ 2.95
- Twin Falls – $ 3.04
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