Economy

Wyoming Gas Prices Below National Average

Wyoming Gas Prices Below National Average

According to AAA's daily fuel tracker, the average cost for a gallon of regular unleaded in the two-county region on Monday was $2.41, an 8-cent drop from a week earlier.

Nationally, the average price dropped 16.2 cents per gallon last month and stood 22.3 cents per gallon higher than past year.

That represents a 7-cent decline in the past week. The national average price for a gallon of gas was also $2.47.

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In the state of Nevada, GasBuddy reported the average price of gasoline as $2.81 per gallon.

Hurricane Harvey drove the highest gas prices of 2017 so far, AAA says.

The web site GasBuddy.com said the Exxon station on Cummings Highway and the BP station on Browns Ferry Road are selling the cheapest gas in the Volunteer State and are among seven stations in the Lookout Valley area that are selling gas below $2 a gallon today. According to Jenkins, prices are still about 10 cents higher than expected because of residual effects from recent hurricanes.

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The national average on Sunday also stood at $2.47 per gallon.

And motorists can expect another drop soon.

Fort Collins- $2.39/g, up 0.3 cents per gallon from last week's $2.39/g.

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Gasoline prices decreased in a majority of states while rising in the Great Lakes due a regional phenomenon called price cycling in which prices drop quickly due to price wars but then suddenly spike once margins deteriorate to losses. While that average stood 22 cents higher than where it stood a year ago, in the aftermath of the hurricanes impacting Florida and oil production, last month, drivers in the Sunshine State paid, on average, more than $2.70 per gallon.