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AAA: Idaho’s average pump price now seventh highest in the nation

AAA: Idaho’s average pump price now seventh highest in the nation

By On Your Side Newsroom. CREATED Aug 19, 2014

Pump prices continue to drift lower throughout much of the country -- but not in Idaho and other primarily western states, according to AAA.

Based on AAA’s Daily Fuel Gauge Report (www.fuelgaugereport.aaa.com), Idaho’s average price for a gallon of regular grade gasoline today is $3.77, unchanged in the past month. “That compares to a $3.45 average U.S. price, which is down 13 cents in the same period,” said AAA Idaho spokesman Dave Carlson.

“Geopolitical tensions remain front page news as the situations in Russia, Ukraine and Iraq continue to make headlines. Unlike years past when global events would lead to sharp increases in oil prices, due to concerns of supply disruptions these events have been largely dismissed as global oil prices continue to slide,” Carlson added.

Experts said global supply projections are stable -- in part due to lower demand overseas, and also because U.S. oil production is approaching the highest level since 1972. But an abundance of less expensive oil (West Texas Intermediate closed at $96.41 Monday) is not leading to lower prices in the region, they added.

“The relative similarity of prices in the region suggests retailers are paying higher wholesale prices for the product, but the refineries and suppliers aren’t saying anything to explain why,” said Carlson.

States with the highest prices include Hawaii, $4.30; Alaska, $4.08; Oregon, $3.90; Washington, $3.90; California, $3.88; Connecticut, $3.78; Idaho $3.77; Nevada $3.75; New York, $3.74; Colorado $3.67.

Here’s a look gas prices today, from a month ago, and from a year ago – as provided by AAA Idaho.

U.S. today, $3.45; month ago, $3.58; year ago $3.54

Idaho, today; $3.77; month ago, $3.77; year ago $3.82

Boise, today, $3.85; month ago, $3.85; year ago, $3.88

Coeur d’Alene, today, $3.61; month ago, $3.60; year ago, $3.66

Idaho Falls, today, $3.68; month ago, $3.68; year ago, $3.79

Pocatello, today, $3.76; month ago, $3.66; year ago, $3.70

Nampa, today, $3.85; month ago, $3.84; year ago, $3.88

Lewiston, today, $3.67; month ago, $3.68; year ago, $3.75