Gas prices, fueling up

Ray Woolley, of Filer fills up his tank Dec. 1, 2017, at the Maverik gas station in Twin Falls.

PAT SUTPHIN, TIMES-NEWS FILE

TWIN FALLS — Idaho’s average gas price on Monday fell below the national average for the first time in more than a year, AAA Idaho reports.

Gem State drivers are paying on average $2.57 per gallon of regular gas, compared with the U.S. average pump price of $2.58. Idaho gas prices have risen 2.5 cents over the past month, and 19 cents from a year ago.

“For the month of January, the national average and Idaho’s average price have been within a nickel of each other,” Matthew Conde, spokesman for AAA Idaho, said in a statement. “With a surge in the past few days, the national average overtook Idaho’s gas price — the first time that’s happened since January 10 of last year.”

An unusually frigid winter in some parts of the country could have reduced demand for gasoline, he said. But that may have been offset by increased demand for heating oil, keeping oil and gas prices high.

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“Where the weather has been more mild, fuel demand remains high,” Conde said. “These market factors contributed to the recent three-year low in U.S. crude oil inventory, and partially explain why the national average continues to climb.”

In Twin Falls, the average price for a gallon of regular gas on Monday was $2.55. A gas price comparison for other south-central Idaho cities can be found at magicvalley.com and in today’s print edition on page A7.

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