Wait, Gas Prices Are Actually UP In Great Falls?

Are Gas Prices Really Going Down?

When it comes to economic anxiety, fuel prices are one of the biggest stressors for a lot of people.

Gas prices are always a hot topic around Montana, and lately you may have heard people saying prices are going down. Apparently, Montana didn’t get that memo.

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Recent Gas Prices In Great Falls

I came across an article from the Fairfield Sun Times that broke down the most recent gas prices in Great Falls.

What surprised me wasn’t that gas dropped two cents from the week before. It was how much higher prices are compared to a year ago.

We constantly hear about prices coming down, but a lot of folks aren’t feeling it in their bank accounts. Gas prices are a perfect example of that.

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Current Gas Price Comparison

Right now, the average price for gas in Great Falls is about $2.80 a gallon. That’s actually a little cheaper than the statewide average of $2.86.

The problem is that gas was around $2.70 a gallon at this same time last year.

That works out to about a 3.5 percent increase year over year.

So while gas might be slightly cheaper than it was earlier this month, you’re still paying more at the pump than you were just 12 months ago.

Source: Fairfield Sun Times

KEEP READING: See how much gasoline cost the year you started driving

To find out more about how has the price of gas changed throughout the years, Stacker ran the numbers on the cost of a gallon of gasoline for each of the last 84 years. Using data from the Bureau of Labor Statistics (released in April 2020), we analyzed the average price for a gallon of unleaded regular gasoline from 1976 to 2020 along with the Consumer Price Index (CPI) for unleaded regular gasoline from 1937 to 1976, including the absolute and inflation-adjusted prices for each year.

Read on to explore the cost of gas over time and rediscover just how much a gallon was when you first started driving.

Gallery Credit: Sophia Crisafulli