NewsTradingSentimentEventsCommunityBriefing
Markets

Idaho Gas Hits $4.86, Rising 7 Cents in Weekly Climb

By Markets Desk · · 1 min read
A fuel pump nozzle resting on a concrete forecourt
Illustration: Tradingbird, based on a photo published by East Idaho News

Idaho drivers face higher costs as fuel prices jump to $4.86. Diesel costs also surge to $6.47 per gallon.

Key points

  • Idaho's average gas price is $4.86, up 7 cents this week and $1.34 year-over-year.
  • The state dropped to ninth most expensive for fuel, behind California's $6.16 average.
  • Diesel costs surged to $6.47 per gallon, up from $3.83 a year earlier.

The average price for a gallon of regular gasoline in Idaho reached $4.86 on Monday. This marks a seven-cent increase from the previous week's average.

Prices are up 37 cents compared to a month ago and $1.34 higher than last year. East Idaho News reports that the state is approaching the five-dollar threshold.

National Ranking Shifts Downward

Idaho fell two positions to ninth among the most expensive states for fuel. It now trails California, which averages $6.16 per gallon, and Washington at $5.56.

The national average sits at $4.47, which is 16 cents higher than last week. Idaho remains significantly above this national benchmark despite the slower weekly pace.

Crude Oil Volatility Drives Costs

West Texas Intermediate crude oil trades near $95 per barrel after peaking near $106. Ongoing conflicts in Ukraine and the Middle East keep supply risks elevated.

AAA Idaho director Matthew Conde notes that market conditions remain unstable. He warns that there is little reason to expect immediate price relief for consumers.

Diesel Prices Spike for Trucks

Idaho diesel prices have climbed to approximately $6.47 per gallon. This represents a massive jump from $3.83 just one year ago.

Local prices vary by city, with Twin Falls at $4.95 and Boise at $4.87. Coeur d’Alene and Lewiston remain the lowest at $4.63 per gallon.

Based on reporting by East Idaho News, compiled by the Tradingbird desk.

More from the Markets desk

All desk stories