Oil Prices Up, Wyoming Gasoline Down
Oil prices have gained some ground, but Wyoming gas prices are slightly down. Patrick DeHaan, senior petroleum analyst for GasBuddy says prices for West Texas Intermediate broke fifty dollars per barrel.
"Gasoline prices quickly reacted to news last week that OPEC had come to a decision regarding cutting back oil production," said DeHaan. "Oil prices surged on the news which fueled gas prices to jump as well, but several days after the news broke, there's reason to doubt OPEC's sincerity of a possible production cut. In addition, Hurricane Matthew is a major storm worth monitoring as it heads for the East Coast- perhaps to areas affected by the Colonial Pipeline outage last month. Should fuel availability and power outages arise from Matthew, GasBuddy stands ready to activate our Gasoline Availability Tracker."
Average retail gasoline prices in Wyoming have fallen 1.7 cents per gallon in the past week, averaging $2.19/g yesterday, according to GasBuddy's daily survey of 494 gas outlets in Wyoming. This compares with the national average that has increased 1.5 cents per gallon in the last week to $2.22/g, according to gasoline price website GasBuddy.com.
Including the change in gas prices in Wyoming during the past week, prices on October 2nd were 35.7 cents per gallon lower than the same day one year ago and are 5.7 cents per gallon lower than a month ago. The national average has increased 1.4 cents per gallon during the last month and stands 7.3 cents per gallon lower than this day one year ago.
According to GasBuddy historical data, gasoline prices in Wyoming at this time have ranged widely over the last five years:
$2.55/g in 2015
$3.47/g in 2014
$3.53/g in 2013
$3.69/g in 2012
$3.51/g in 2011.
Areas nearby Wyoming and their current gas price climate:
Fort Collins- $2.16/g, down 0.3 cents per gallon from last week's $2.16/g.
Ogden- $2.25/g, down 4.7 cents per gallon from last week's $2.30/g.
Billings- $2.34/g, flat from last week's $2.34/g.
For LIVE fuel price averages, visit http://media.gasbuddy.com.