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Gas Continues to Guzzle Money From Your Wallet

Gas Prices around the nation and in Wyoming continue to surge as they have raised 4.2 cents per gallon in the Cowboy state over the last week.

According to GasBuddy’s daily survey, the average price of gas among almost 500 stations in the state is currently $3.05/g. That makes it a 4 cent raise in a week and almost a 16 cent rise over the last month. This time last year the cost for a gallon of gas was under $2.

According to GasBuddy price reports, the cheapest station in Wyoming is priced at $2.62/g today while the most expensive is $3.49/g, a difference of 87.0 cents per gallon.

These are the gas prices circulating some neighboring areas:

  • Fort Collins– $3.04/g, down 2.2 cents per gallon from last week’s $3.06/g.
  • Ogden– $3.35/g, down 0.7 cents per gallon from last week’s $3.35/g.
  • Billings– $2.83/g, up 1 cent per gallon from last week’s $2.82/g.

The national average price of gasoline has risen 0.6 cents per gallon in the last week, averaging $3.04/g today. The national average is up 14.3 cents per gallon from a month ago and stands $1.06/g higher than a year ago.

Here are some of the historical gasoline prices in Wyoming and the national average going back ten years:

June 1, 2020: $1.91/g (U.S. Average: $1.98/g) June 1, 2019: $2.81/g (U.S. Average: $2.81/g) June 1, 2018: $2.88/g (U.S. Average: $2.96/g) June 1, 2017: $2.30/g (U.S. Average: $2.38/g) June 1, 2016: $2.23/g (U.S. Average: $2.32/g) June 1, 2015: $2.66/g (U.S. Average: $2.75/g) June 1, 2014: $3.48/g (U.S. Average: $3.68/g) June 1, 2013: $3.58/g (U.S. Average: $3.60/g) June 1, 2012: $3.59/g (U.S. Average: $3.61/g) June 1, 2011: $3.66/g (U.S. Average: $3.77/g)

Patrick De Haan, head of petroleum analysis for GasBuddy had this to say on the significant increase in gas prices:

“The summer driving season now officially begun, gas prices have clung to a $3 per gallon average on continued strong demand as Americans take to the roads amidst a continued economic recovery. Through Sunday, U.S. gasoline demand was very strong over the weekend, with Friday and Sunday both setting new Covid records for gasoline consumption for their respective day of the week, according to GasBuddy data.”

Gas prices are regularly fluctuating so time will tell which way they jump towards next.

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