Gas prices in Powell remain mostly above the state average even as prices have dropped somewhat recently with the slackening of the tourist season in the region. Gas prices are expected to continue …
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Gas prices in Powell remain mostly above the state average even as prices have dropped somewhat recently with the slackening of the tourist season in the region. Gas prices are expected to continue to fall, according to AAA in a release late last week, as stations generally switch to the cheaper winter blend gasoline in the fall.
Gas prices Monday in Powell were generally in the $3.29-$3.39 range for base unleaded gasoline, with many stations now offering 10 cents a gallon off for customers paying cash as a way to avoid credit card fees (and some stations offer base 87 unleaded instead of 85). However, Blair’s bucked the trend, offering unleaded 85 at just $3.09 per gallon as of Monday, according to Gasbuddy.com by far the lowest in town, and lower than any station in Cody.
“Just like we do inside with our groceries we just want to make sure we have the best prices possible for our customers,” Jason Foulger, the store’s manager, said.
The store’s gas comes in from Billings and the station does not have a manager in the kiosk — both are contributing factors in the low prices. On top of that the rewards program allows customers to progressively more off per gallon.
Other than Blair’s and Big Horn Co-op ($3.15 on Monday for 85), Cody gas prices, as they have been recently, remained cheaper than Powell, with prices generally in the $3.15-$3.25 range.
That’s still above the state average of $3.07 a gallon as of late last week, according to AAA, while the national average is $3.15.
Looking for cheap gas in Wyoming? Casper’s got it.
AAA clocked average gas in Casper at just $2.54 per gallon, while the state capitol averages $2.80.
Wyoming gas prices dropped 5 cents since last week to an average of $3.07. That’s 19 cents cheaper than last year when Wyomingites paid an average of $3.26 per gallon.
“Crude oil supply remains strong, and OPEC+ (a group of oil-producing countries) is likely to announce another production increase in the near future,” said Julian Paredes, spokesperson, AAA Mountain West Group. “That surplus and lower autumn demand for fuel is keeping prices down even as some U.S. refineries go offline for seasonal maintenance.”
According to new data from the Energy Information Administration (EIA), gasoline demand decreased from 8.95 million b/d last week to 8.51 million. Total domestic gasoline supply increased from 216.6 million barrels to 220.7 million. Gasoline production decreased last week, averaging 9.3 million barrels per day.