Wyoming bucks rising gas price trend, price at the pump still conducive to summer road trips

WYOMING – After several weeks of falling gas prices, the national average price per gallon of fuel bumped up this week most everywhere except Wyoming.

It’s been a great start to the summer travel season so far with national gas prices trending down since Memorial Day. Ample supply has helped counterbalance the usual anticipated spike in demand typically experienced in road trip season.

GasBuddy head of petroleum analysis Patrick DeHaan says, “Total oil stocks in the United States are up by 101.3 MMbbl (8.4%) versus a year ago and stand at 1.305 billion barrels (excluding the Strategic Petroleum Reserve).

The only speedbump to what could have been record-low prices for the Fourth of July weekend has been unrest in the Middle East.

“The stage was set for a nearly perfect holiday—gas prices hit their seventh straight weekly decline, oil prices had dropped as low as $51. Every state had seen notable declines at the pump. It really couldn’t get a whole lot better as we approached July 4,” DeHaan said. “But then Iran attacked two oil tankers and shot down a US drone and markets panicked, sending oil prices higher and now we’re suddenly under the threat of rising gas prices again amid escalating tensions with Iran and talks with China on trade, leading to higher gas prices just as millions hit the road to celebrate the holiday.”

National map of average gas prices. (GasBuddy)

As prices have begun edging upward, the trend has not yet been felt in Wyoming, particularly in western Wyoming and Jackson Hole. It won’t stay that way for long so if you are looking to fill up a large tank, do it now.

Independence Day gas prices over the past decade. (GasBuddy)

Average gas prices jumped for the first time in eight weeks, posting a 4.6 cent rise over the last week to $2.71 per gallon, according to GasBuddy data compiled from more than 10 million individual price reports covering 135,000 gas stations across the United States. The average price of diesel rose 0.6 cents to $2.99 per gallon.

That spike was felt in more than half of the nation’s 50 states last week. Wyoming was not among them.

Most fueling stations in Jackson have priced their lowest octane gas at $2.75 a gallon. In the Laramie/Cheyenne area gas is holding steady at about $2.53 a gallon. The lowest filling station prices in the state can be found in Gillette and Casper at about $2.43 per gallon.

Cowboy State prices compare favorably to the national average, which is now at $2.75 a gallon.

Every penny means a lot to some drivers. GasBuddy’s annual Summer Travel Survey found:

  • Overpaying for gasoline is the #1 road trip fear, and with gas price trends constantly shifting, motorists should plan ahead. The second fear is the car breaking down in the middle of the trip while needing to use the restroom but unsure of which gas stations have clean facilities was third.
  • Convenience, price and curb appeal. When deciding where to stop, travelers continue to care about convenience and price. The top 3 factors when choosing a pit stop include: (1) convenient location, (2) gas prices and (3) curb appeal.

According to GasBuddy, fuel prices are likely to continue their rally in the week ahead as rising oil prices push retail gasoline prices higher in most states. Five states also raised gasoline taxes: Illinois (19c), Ohio (10.5c), California (5.6c), Tennessee (3c) and South Carolina (2c), which will certainly provide additional upward pressure.

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