Economy

September brings record-breaking gas prices

Posted: Oct 1, 2012 2:05 PM by Q2 News
Updated: Oct 1, 2012 2:06 PM

HELENA - September saw record-breaking gas prices in Montana and across the nation.

According to AAA, the national average price of gasoline has broken record daily highs every day for six consecutive weeks since Monday, August 20. On Monday, the national average of $3.78 a gallon is 16 cents more expensive than the previous record for October 1 from 2008.

Escalating gas prices through September is unusual, but AAA expects pump prices will continue to break daily records through at least the end of the year based on current trends.

"What we generally see is a decline in price after the busy summer driving season wraps up. However, record-low inventories have so far prevented that from happening," said AAA Spokesperson Kaelyn Kelly in a press release.

AAA reports prices in Montana have risen ten cents over the past month. Monday's statewide average price of $3.79 per gallon of gas marks a state record daily high for October 1.