Average gasoline prices in Wyoming have fallen 1.3 cents per gallon in the last week, averaging $3.27/g today, according to GasBuddy’s survey of 494 stations in Wyoming. Prices in Wyoming are 5.0 cents per gallon lower than a month ago and stand 27.3 cents per gallon lower than a year ago. The national average price of diesel has fallen 1.6 cents in the last week and stands at $3.73 per gallon.
According to GasBuddy price reports, the cheapest station in Wyoming was priced at $2.82/g yesterday while the most expensive was $4.19/g, a difference of $1.37/g. The lowest price in the state yesterday was $2.82/g while the highest was $4.19/g, a difference of $1.37/g.
The national average price of gasoline has risen 1 cent per gallon in the last week, averaging $3.41/g today. The national average is down 18.0 cents per gallon from a month ago and stands 13.8 cents per gallon lower than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country.
Neighboring areas and their current gas prices:
Fort Collins- $3.27/g, up 4.6 cents per gallon from last week’s $3.22/g.
Ogden- $3.30/g, down 6.0 cents per gallon from last week’s $3.36/g.
Billings- $3.35/g, down 1.8 cents per gallon from last week’s $3.37/g.
“Since the national average price of gasoline fell to its lowest June level since 2021 last week, we’ve seen the drop in prices take a break, with some states seeing a small rise over the last week. Thankfully, I expect this to be more like a short timeout, with an eventual return to falling gasoline prices in most states,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “The decline in diesel prices continues, with the national average price of diesel now at its lowest level since January 2022. Both gasoline and diesel prices remain below their year-ago level, which is music to the ears of the Federal Reserve, as fuel prices are a significant component of the Consumer Price Index. Also factoring in gasoline demand that has been running a bit weaker than expected, market fundamentals look pretty good right now if you’re a motorist.”
President Joe Biden is prepared to release more oil from the country’s strategic reserves if gas prices increase during the summer, according to the Washington Examiner. This is the latest plan by the Biden administration to counter higher prices at the pumps and the more expensive prices on various goods due to inflation.
A Biden administration energy adviser suggested gas prices are “still too high” for many in the country and said he favors taking action to “cut them down a little bit further.”
“We will do everything we can to make sure that the market is supplied well enough to ensure as low [a] price as possible for American consumers,” Special Presidential Coordinator for Global Infrastructure and Energy Security Amos Hochstein told the Financial Times. “I think that we have enough in the SPR if it’s necessary.”
