Gas prices in Wyoming have seen a modest decline as the holiday season approaches, with the average price of gasoline falling by 2.8 cents per gallon over the past week, K2 Radio reports.
According to GasBuddy’s survey of 494 stations across the state, the average price now stands at $2.87 per gallon.
Gas prices within the state remain highly variable. The least expensive station in Wyoming was priced at $2.29 per gallon, while the most expensive station reported a price of $3.49 per gallon — a difference of $1.20 per gallon.
While Wyoming’s gas prices fell, the national average for regular gasoline experienced a slight increase of 0.8 cents per gallon, bringing it to $2.98 per gallon. Diesel prices, on the other hand, declined by 1.8 cents nationwide, with the average price now at $3.472 per gallon.
Neighboring areas showed mixed trends in gas prices. Fort Collins, Colorado, saw an increase of 7.6 cents per gallon to $2.72 per gallon. Prices in Ogden, Utah, inched up by 0.8 cents to $2.91 per gallon, while Billings, Montana, experienced a 6.8-cent decrease to $2.72 per gallon.
Wyoming’s current gas prices are slightly lower than last year. On December 16, 2023, the average price in Wyoming was $2.91 per gallon, compared to $2.95 per gallon on the same date in 2022. Prices were significantly higher two years ago, with a 2021 average of $3.31 per gallon in the state. By comparison, gas prices in 2020 were notably low, averaging $2.17 per gallon.
Patrick De Haan, head of petroleum analysis at GasBuddy, provided insight into the broader trend.
“As we edge closer to the end of the year, we’re seeing momentum for falling gas prices weaken, which is typical as the national average generally bottoms out between Thanksgiving and Christmas,” De Haan said.
He added that rising oil prices — which climbed back above $70 per barrel last week — could limit the potential for further price drops. However, he noted that there might be a brief window for lower prices in January or February in some areas, though any drop would likely be short-lived.
De Haan also hinted at the release of GasBuddy’s 2025 Fuel Outlook, which is expected to offer predictions on fuel prices for the coming year. The West Coast, including California, is projected to see a continued decline in prices as 2024 draws to a close, but future price trends will depend on market conditions and production costs.
