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Montana drivers get holiday gift at the gas pumps

Posted at 9:18 AM, Dec 26, 2018
and last updated 2018-12-26 11:18:29-05

MISSOULA – Montanans are paying less to fill up their vehicles this holiday season as the price of gas continues to drop.

Gasoline prices in Montana have drastically dipped — falling more than 8¢ per gallon in just the past few days — down to an average of $2.51 per gallon.

The automotive group AAA reports that as of Wednesday, the national average for a gallon of gasoline was at $2.31 per gallon.

CBS News reports the oil market has been in a slump amid rising stockpiles of U.S. crude and thoughts of slowing global growth and softer demand for the commodity.

Gas prices generally track the price of oil, but lag one to three weeks.

The Organization of Petroleum Exporting Countries (OPEC) discussed a reduction in crude oil production in early December.

That reduction could raise gas prices in the future.