Posted: Sep 7, 2010 9:04 AM by Mark Thorsell
Updated: Sep 7, 2010 9:05 AM
MISSOULA - Gas prices have seen a drop of 1.7 cents per gallon and are sitting at an average of $2.86, compared to the national average of $2.68 per gallon.
Gas prices in the Treasure State are still 13.7 cents per gallon higher than the same day one year ago and are just 0.1 cents per gallon lower than a month ago according to MontanaGasPrices.com.
"With gasoline supply closing the summer driving season out at the highest levels since records began in 1990, there will be significant pressure for prices to fall, especially if hurricane season doesn't make a large impact on high supply numbers," explained Patrick DeHaan, GasBuddy.com Senior Petroleum Analyst.
"Combine those high supply numbers with typically weak autumn gasoline demand numbers, and fundamentals easily merit lower gasoline prices than we're currently seeing," he added.
DeHaan projects that average prices across the U.S. could fall as much as 10 to 20 cents per gallon in the next four to eight weeks as refiners move out cheaper winter gasoline.
The costliest fill up in Montana costs $2.99 per gallon in Polson and Plentywood while driver's can fill up for $2.70 per gallon in Billings.
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