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Feb 25, 2013 9:01 AM by Q2 News

Gas prices in Billings up 30 cents in a month

BILLINGS - Gas prices have shot up almost 30 cents in the past month in Billings however they are still lower than last year at this time.

GasBuddy released statistics this morning showing prices up across the country. Average retail gasoline prices in Billings have risen 7.0 cents per gallon in the past week, averaging $3.21/g yesterday, according to GasBuddy's daily survey of 81 gas outlets in Billings. This compares with the national average that has increased 2.9 cents per gallon in the last week to $3.72/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Billings during the past week, prices yesterday were 2.4 cents per gallon lower than the same day one year ago and are 29.2 cents per gallon higher than a month ago. The national average has increased 42.0 cents per gallon during the last month and stands 9.1 cents per gallon higher than this day one year ago.

"The streak is over," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "GasBuddy data showed the national average rising for 32 consecutive days- starting January 20 at $3.265/gal, and ending February 21 at $3.733/gal. The tide has now turned and the national average has dropped two days straight. This is certainly excellent news for disillusioned motorists- but I would caution them not to get overly thrilled as prices may linger near these levels for some time," DeHaan said.

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