BOISE – As record numbers of Americans head to the US for vacations,th During the July holiday, gas prices will help Idaho families keep spending. According to AAA, the current average price for a gallon of regular gasoline in the Gem State is $3.61, which is two cents more than a week ago, but ten cents less than a month ago and 35 cents less than a year ago.
Meanwhile, the national average currently stands at $3.51 per gallon, up two cents from a week ago but down two cents from a month and a year ago. Idaho currently ranks 12th.th in the country for the most expensive fuel.
“AAA projects that nearly 71 million Americans, including 400,000 Idahoans, will travel this week. That’s two and a half million more people than a year ago, and the most on record,” said AAA Idaho Public Relations Director Matthew Conde. “Prices at the pump are going up, but very few, if any, will change their travel plans at this point.”
Here is a seven-year retrospective over 4th July gas prices for national and state averages:
“This afternoon will be the busiest time on the road, but with the holiday falling on a Thursday, return trips will likely be spread out over the weekend, which should make getting home a lot easier,” Conde said. “Two-lane highways in the backcountry could be an exception. Don’t be surprised if RVs and toy trailers slow things down a bit.”
AAA anticipates 800,000 emergency calls for roadside services this week, including more than 1,700 here in Idaho. Drivers should fill up on fluids before hitting the road. If you are traveling to a remote area, please share your plans, including departure and arrival times, with a friend or loved one who can act on your behalf if you do not arrive at your destination.
“High temperatures can create problems this time of year,” Conde said. “Carry a gallon or two of water and some snacks in your vehicle, just in case.”
Emergency Kit Essentials
If you find yourself in a remote area or battling extreme heat, a good emergency kit is more important than ever:
- A basic first aid kit (make sure medications are not expired)
- A flashlight with extra batteries
- Flares or reflectors
- Basic tools
- A towel or old blanket to protect yourself if you have to kneel or lie on hot asphalt
- A pencil and a notepad
- A game of cards or a frisbee to keep your spirits up
“As in the winter, it’s generally best to stay in your vehicle unless you have a clear idea of where you want to go,” Conde said. “If you need help, leave a note on your dashboard stating the time you left and the direction you traveled. If you call a Good Samaritan, also write down their name and license plate number.”
Safety Tips for RVs and Toy Haulers
- Make sure your tires, battery, engine fluids, hoses and belts are ready for the trip.
- Cross two trailer safety chains that will hold the trailer in place if it comes loose. Make sure the chains are not dragging on the road and are free of rust.
- Never drive or park in tall grass: this could start a forest fire.
- Make sure all toys and cargo are properly loaded and secured.
- Make sure your RV or utility vehicle has adequate insurance coverage.
Crude Oil Dynamics
Crude oil accounts for more than half the price of finished gasoline. Today, benchmark West Texas Intermediate crude oil is trading at nearly $83 a barrel, up $2 from a week ago, $10 from a month ago and $13 from a year ago. Rising crude costs typically translate into higher prices at the pump.
According to the Energy Information Administration, U.S. crude production is holding steady at 13.2 million barrels per day, up 1 million barrels per day from a year ago. Imports are about the same as a year ago, while exports are about 1.4 million barrels per day lower than a year ago, further adding to supply.
Last week, the EIA reported that total gasoline inventories rose 3 million barrels to 234 million barrels, about 12 million barrels more than a year ago. Demand for the fuel fell by nearly 400,000 barrels per day during the week, and refinery production fell from 93.5% to 92% of capacity (Rocky Mountain refineries fell from 98.3% to 94.4%). If demand increases or supply tightens, pump prices could rise.
Here’s a look at gas prices across the Gem State:
- Boise – $3.63
- Coeur d’Alene – $3.51
- Franklin – $3.53
- Idaho Falls – $3.49
- Lewiston – $3.60
- Pocatello – $3.58
- Twin Falls – $3.59
