BILLINGS — On average, Montanans are seeing fuel prices that are 60¢ lower than last year.
With these lower prices, drivers are experiencing significant relief as they hit the road.
The statewide average Friday was $3.16 per gallon, compared to $3.76 the same time last year, according to AAA, which tracks fuel prices.
U.S. crude oil inventories stand at 442.9 million barrels, which is about 6% below the five-year average for this time of year.
The Organization of the Petroleum Exporting Countries (OPEC) plans to boost its production starting in May, a move that could help keep gas prices low.
“Gas prices are actually going down. It's actually pretty unique and a big reason for that is the cost of oil, so oil prices have definitely dropped a lot in the last few weeks, and that's going to make gas prices cheaper everywhere,” Julian Paredes, a AAA spokesperson, said.
While you can’t fully predict where these prices will go in the future, it’s been anticipated to see those lower prices across the country.
