Wyoming’s gas prices fell by 3 cents per gallon on Friday over the previous 24 hours to average $4.76.
The website GasBuddy.com, which tracks national gas prices, reported Wyoming’s average gas price is down 5 cents from a week ago, and is up $1.36 per gallon from one year ago.
Wyoming’s average price for gasoline remained above the national average of $4.56.
High and Low Prices:
The highest reported gasoline price in Wyoming on Friday was in Jackson at $5.59 per gallon. Once more, the lowest surveyed price in Wyoming was $4.24 at Laramie’s Tumbleweed Express at 4700 Bluebird Lane.
Lincoln County had the highest average price of any county in the stqte at $5.14 per gallon. The county with the lowest average was Campbell at $4.60.
These are the highest and lowest reported prices among those stationed surveyed.
*The average price per gallon of regular in each Wyoming county:
Albany $4.63; Big Horn $4.87; Campbell $4.60; Carbon $4.79; Converse $4.77; Crook $4.77; Fremont $4.91; Goshen $4.77; Hot Springs $4.91; Johnson $4.90; Laramie $4.56; Lincoln $5.14; Natrona $4.52; Niobrara $4.77; Park $4.94; Platte $4.77; Sheridan $4.87; Sublette $4.95; Sweetwater $4.89; Teton $5.13; Uinta $4.78; Washakie $4.77; Weston: $4.71.
*The lowest price per gallon, reported in major Wyoming cities:
Basin $4.77; Buffalo $4.71; Casper $4.34; Cheyenne $4.43; Cody $4.84; Douglas $4.65; Evanston $4.35; Gillette $4.51; Jackson $4.99; Kemmerer $4.85; Laramie $4.24; Lusk $4.69; Newcastle $4.50; Pinedale $4.94; Rawlins $4.69; Riverton $4.82; Rock Springs $4.49; Sheridan $4.82; Sundance $4.69; Thermopolis $4.77; Wheatland $4.85; Worland $4.79.
Tim’s Observations:
Although the national average price of gas is dropping, Wyoming’s price continues to be 20 cents per gallon higher than the national average.
Individual counties across the state saw mixed averages Friday. Most counties saw a a decline of a couple of cents, but the biggest drops were in Fremont County, down 19 cents per gallon, and Uinta County, down 42 cents.
There were counties where prices went up Friday, notably Albany, Carbon, Converse and Goshen counties, with saw prices go up as much as 10 cents.
Supply and demand is driving the oil and gasoline markets. According to GasBuddy, oil inventories are “skyrocketing.” Crude oil inventories increased by 3.3 million barrels, to a total of 427.1 million. Inventories are 10.5 million barrels below last year’s — 2.4% — and are about 5% below the five-year average for this time of year.
Gasoline inventories are also increasing. Gasoline inventories increased by 5.8 million barrels to a total of 224.9 million. Even at that level, inventories are down 11.6 million barrels —- 4.9% — from one year ago and are 5% below the five-year average for this time of year.
Let’s hope this trend continues into the fall when heating oil demand will be added to the equation.
Want to help us gather the most accurate gas prices for this report? Consider downloading the GasBuddy app and submit the gas prices in your area.
*Note: Prices in this report are for reference only. They are gathered just prior to posting, and may not reflect prices that have changed since last posted.
