Could Gas Prices In Montana Suddenly Skyrocket?

It's that time of year again. The time where people all over America hit the open road on vacation.

It's also that time of year where you can expect gas prices to rise, but this year there might be a chance the price of gas skyrockets.

READ MORE: How To Save Money At The Gas Pump In Montana

A gas station with a sign showing the price of gas to be an arm and a leg along with your first born

What Is The Reason For Gas Prices To Soar?

There are lots of reasons gas prices go up and down; the biggest is supply and demand.

Much like the stock market, you want to buy low, and buying low might not be a possibility this summer, not just in Montana but across America as well.

At least that's according to a new report coming out from Reuters, in which they say OPEC+ plans on continuing to cut oil production into next year.

READ NEXT: Experts Say Travel To This Popular Montana Location In July

A row of pumpjacks in a field at sunrise

Production Cuts Look To Raise The Price Per Barrel

The price of crude oil has been holding steady at around $80 a barrel recently, and OPEC+ says they need to get those prices up to balance their budgets.

When the price of oil barrels goes up, so too does the price we pay at the pump.

America, which is not a member of OPEC+, has also been ramping up production lately, which has also hurt OPEC+'s bottom line.

Hopefully things don't get too out of hand, because these production cuts seem to only hurt regular Montanans every time we fill up our vehicles.

LOOK: 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

Need A Laugh? The Internet Hilariously Trolls The High Gas Prices

Only the people on the Internet can turn such a stressful event into something so funny.

Gallery Credit: Stephanie Gull

BEAUTIFUL: These Are The Best Scenic Drives In Montana

Thanks to Stacker we know now that these are the 16 most scenic drives in Montana according to Trip Advisor.

Gallery Credit: Nick Northern

More From K99