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Butte-area gas prices down almost 20 cents in past month

By Grace Ditzler, KTVM Reporter, gditzler@ktvm.com
Published On: Oct 14 2013 05:50:09 PM MDT
Updated On: Oct 14 2013 06:30:11 PM MDT
BUTTE, Mont. -

If you've stopped a gas pump recently, you may have noticed the price of fuel is falling.

Gasoline tracking websites report a 20-cent dip in the average price of regular gas over the past month. Right now, gasoline prices in Butte are about $3.43 per gallon, which is about 18 cents less than last month and about 4 cents less than the state average.

Butte residents said the drop is a welcome relief.

"We're headed in the right direction," said Butte resident Jack Hendrickson.

But, they said it's still costing them too much to fill up.

"It's got to come down a buck," Hendrickson said.

"It goes up 2 bits in a week, comes down a dime in a month," said Mick Gorden.

"I think it's taking a pretty big chunk out of everybody's wallet," explained Mike Frankovich.

There's a reason behind the decrease - "Winter blend gasoline that gets into the market no later than October," said Senior Petroleum Analyst Gregg Laskoski with montanagasprices.com.

According to Laskoski, the winter blend of gasoline has fewer additives. He also explained that it's cheaper and faster to produce.

"So that's a key reason why the 4th quarter is when consumers can expect to see the lowest gas of the year," he explained.

Folks on the street in Butte said they're glad to see the price drop, but they aren't holding their breath that it will drop much more.

"I hear my parents and my grandparents talking about when gas was a quarter a gallon," said Dalton Given. "That'd be nice, but I don't see it happening in my time. It's still $100 to fill up a truck or 60 bucks to fill a car."

According to montanagasprices.com, the most expensive fuel in the state can be found in northeast Montana. In areas like Sidney and Plentywood, a gallon of regular is going for between $3.69 and $3.79 a gallon.

The website lists the cheapest gas in the state in the Dillon area, at $3.33 a gallon.

The average price per gallon in Bozeman is right around $3.43 a gallon.