Wyoming’s gasoline price was up 3 cents over the previous 24 hours to average $4.05.
The website GasBuddy.com, which tracks national gas prices, reported Wyoming’s average gas price is up 5.8 cents per gallon over one week ago, and up $1.22 per gallon from one year ago.
Wyoming’s average price for gasoline remained below the national average of $4.234 for a gallon of regular.
* The average price per gallon of regular in each Wyoming county:
Albany $3.78; Big Horn $4.16; Campbell $4.00; Carbon $3.93; Converse $3.94; Crook $4.02; Fremont $4.07; Goshen $3.93; Hot Springs $4.20; Johnson $3.98; Laramie $3.95; Lincoln $4.27; Natrona $3.87; Niobrara $4.02; Park $4.09; Platte, $4.02; Sheridan $4.02; Sublette $4.02; Sweetwater $4.04; Teton $4.30; Uinta $4.02; Washakie $4.02; and Weston $4.07
The biggest movers were Albany, down 35 cents, and Uinta, up 33 cents per gallon.
* The lowest price per gallon, reported in major Wyoming cities:
Basin $4.14; Buffalo $3.95; Casper $3.79; Cheyenne $3.85; Cody $4.10; Douglas $3.78; Evanston $4.22; Gillette $3.91; Jackson $4.18; Kemmerer $4.28; Laramie $3.79; Lusk $3.79; New Castle $3.96; Pinedale $4.05; Rawlins $3.89; Riverton $3.99; Rock Springs $3.96; Sheridan $3.83; Sundance $4.05; Thermopolis $4.17; Wheatland $3.69; Worland $4.08.
The lowest reported average price continues to be $3.69, in Wheatland, while the highest was in Uinta County, at $4.34 per gallon of regular unleaded gas.
Tim’s Observations:
Yesterday, I talked about transporting petroleum and natural gas, but to where? Where does it go? Once you get it out of the ground and onto your chosen method of transport, the product needs to be refined or transformed into other usable products.
Refineries are where the magic happens. Where oil becomes the multitude of products that do everything from grease the squeaky wheels to make them go round and round in the first place. According to the U.S. Energy Information Agency, as of January 1, 2021, there were 129 operating refineries in the United States.
The newest refinery in the US is the Targa Resources Corporation’s refinery in Channelview, Texas, which processes 35,000 barrels of oil per day and began operation in 2019. That sounds great, but the newest refinery with significant capacity is the Marathon’s facility in Garyville, Louisiana, with a production capacity of 200,000 barrels per day. That refinery began operating in 1977.
If we can’t pull more out of the ground right now, for many reasons, maybe we can refine more of what we have, faster. Would that help? It couldn’t hurt.
*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.