Daily Wyoming Gas Map: Monday, March 21, 2022

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By Tim Mandese, Cowboy State Daily

Wyoming’s average gasoline price was up slightly on Monday, increasing by 1.4 cents per gallon over the previous 24 hours to $4.01

The website GasBuddy.com, which tracks national gas prices, reported Wyoming’s average gas price is up 0.3 cents per gallon over one week ago, and up $1.16 per gallon from one year ago.

Wyoming’s average price for gasoline remained below the national average of $4.238 for a gallon of regular.

The average price per gallon of regular in each Wyoming county: 

Albany $3.89; Big Horn $4.00; Campbell $4.00; Carbon $3.98; Converse $3.79; Crook $4.00; Fremont $4.00; Goshen $3.98; Hot Springs $4.10; Johnson $3.98; Laramie $3.94; Lincoln $4.20; Natrona $3.87; Niobrara $4.00; Park $4.14; Platte, $4.00; Sheridan $4.00; Sublette $4.00; Sweetwater $4.02; Teton $4.20; Uinta $4.34; Washakie $4.00; and Weston $3.99. 

The lowest price per gallon, reported in some Wyoming communities:

Basin $4.13; Buffalo $3.95; Casper $3.79; Cheyenne $3.85; Cody $4.10; Douglas $3.78; Evanston $4.22; Gillette $3.72; Jackson $4.18; Kemmerer $4.29; Laramie $3.82; Lusk $3.79; New Castle $3.92; Pinedale $4.05; Rawlins $3.92; Riverton $3.99; Rock Springs $3.95; Sheridan $3.81; Sundance $3.99; Thermopolis $4.07; Wheatland $3.98; Worland $4.04.

The lowest reported average price was $3.72, in Gillette, while the highest was in Uinta County, at $4.34 per gallon of regular gas.

Tim’s Observations:

How do current gas prices and covid go together? During the lockdown period in 2020 and 2021, gas prices prices dropped due to supply and demand. Globally, people weren’t traveling, and the reduced demand for oil and gasoline forced market prices way down. 

As in most supply and demand scenarios, supply of oil and gasoline went up. There was so much oil on the market that it was practically worthless. On April 20, 2020, West Texas Intermediate crude, the U.S. benchmark, went subzero, when it dropped to minus $40 a barrel. The glut of oil on the market forced prices at the pump to drop. 

Fast forward a bit. As COVID restrictions began lifting late in 2021, people began getting out again, whether it be for work or recreation. This created more demand and hence prices started going up. 

Combine this with the current administration’s policies towards the oil industry, and the disruption of the oil market due to geopolitical issues, and we have a trifecta of factors contributing to the currently unprecedented prices at the pump. Change any of these and other impactors and we could see prices trend down again. Sadly, in my observations, I don’t see any of these changing for the foreseeable future.

Note: Prices in this report are for reference only. They are gathered the evening before posting, and may not reflect prices that have changed since last posted.

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