Gas Prices- The Rise and How Soon we Can See Them Fall

Since the beginning of Joe Biden’s presidency, we have seen our nation’s gas prices rise exponentially and it seems that there may now be a light at the end of the tunnel.

For reference, according to The Hill, the national average for gas prices rose for eight straight weeks to March 1st. Last May the prices were sitting at $1.79 and now sit over a dollar higher at $2.90.

According to GasBuddy’s daily survey, gas prices are 22.4 cents higher per gallon than they were a month ago, but for the past week, we have seen a drop of 1 cent per gallon. That may not seem like much, but if sustained could have a huge impact.

As for the national average, those prices have seen a drop of 0.4 cents in the last week with them up as a whole of 9.9 cents compared to a month ago.

The lowest place to go fill up in the cowboy state currently costs $2.41 a gallon while the most expensive place to guzzle your gas sits at $3.39 a gallon.

Patrick De Haan, head of petroleum analysis for GasBuddy had this to say regarding the ascension of gasoline prices: “U.S. gasoline demand rose for the sixth straight week as consumers hit the road for Easter, and with demand growth likely to remain robust, we may see a second attempt at a run at a national average of $3 per gallon in the months ahead. While the last few weeks have seen gas prices hold mostly steady, it’s not likely to last forever, especially as Americans increasingly get outside as warmer temperatures return.”

Some of our neighboring cities have felt this increase as well with Ogden Utah’s average price per gallon at $3.16.

Historical gasoline prices in Wyoming and the national average going back ten years:

April 5, 2020: $2.06/g (U.S. Average: $1.91/g) April 5, 2019: $2.49/g (U.S. Average: $2.74/g) April 5, 2018: $2.47/g (U.S. Average: $2.66/g) April 5, 2017: $2.22/g (U.S. Average: $2.38/g) April 5, 2016: $1.95/g (U.S. Average: $2.05/g) April 5, 2015: $2.25/g (U.S. Average: $2.39/g) April 5, 2014: $3.41/g (U.S. Average: $3.57/g) April 5, 2013: $3.34/g (U.S. Average: $3.62/g) April 5, 2012: $3.57/g (U.S. Average: $3.94/g) April 5, 2011: $3.42/g (U.S. Average: $3.69/g)