BOISE - Idaho’s current average price for regular is $3.14 per gallon, which is eight cents more than a month ago. The national average is $2.90, which is three cents more than a month ago. On the week, ten states saw prices increase by five to eight cents, but many states, including Idaho, saw increases of only one to three cents.
“We know that fuel demand is coming back strong, and currently sits just 4% below where it was at this time in 2019. But there will be fits and starts as travel activity resumes, even in different parts of the state, and we’re seeing some of that this week,” says AAA Idaho public affairs director Matthew Conde. “In the run-up to Memorial Day, we believe Idaho pump prices are likely to climb in response to an overall trend of robust demand.”
On the supply side, gasoline stocks increased by 100,000 barrels to reach the 135 million-barrel mark, and the Organization of the Petroleum Exporting Countries (OPEC) recently agreed to increase crude oil production by 2.1 million barrels per day in May and June, which could keep oil prices down and help stabilize the price of finished gasoline.
Monday, crude oil is trading around $64 per barrel.
Here’s a selection of Idaho gas prices as of 5/3/21:
Boise – $3.28
Coeur d’Alene – $2.93
Franklin – $3.13
Idaho Falls – $2.99
Lewiston – $3.00
Pocatello – $3.05
Twin Falls – $3.18