gas prices

Stephanie Joyce

It’s lunchtime in Douglas, Wyoming and the line of cars at the McDonald’s drive-thru wraps around the building. A hiring poster hangs in the window and the parking lot is full. Leaning out the window of his black pick-up truck, Troy Hilbish says he had no idea oil prices have fallen more than a quarter in recent months. But he knows what falling oil prices mean. 

“If the oil prices go up, we drill more," he says. "If they go down, we don't drill as much.”

Gas prices around the country have been falling in recent weeks. That's true for Wyoming as well -- but the state hasn't seen quite as big a drop as other places. Gas prices in Wyoming are averaging $3.27 a gallon right now according to analysis from gasbuddy.com. That's $.25 higher than the national average. Gas Buddy analyst Patrick De Haan says that shouldn’t be surprising.

“Gas stations in Wyoming tend to be more rural. They may not have gasoline volumes like other areas. And the changes because of that lag the national average.”

Rebecca Martinez / Wyoming Public Media

Lifting the ban on crude oil exports would lead to lower gas prices and more oil production in the US, according to a new report from the Government Accountability Office.

US oil exports were banned after the Arab oil embargo of the 1970s. With increasing domestic oil production, industry has said the ban is outdated and has been asking Congress to lift it. University of Wyoming economics professor Charles Mason says especially with falling global oil prices, that would help Wyoming producers.

For forty years the U-S has banned the export of most all crude oil. Matt Laslo reports a new debate is raging in Washington over whether to end the ban.

MATT LASLO: The U-S banned crude oil exports after the Arab oil embargo of 1973. It’s been in place since, which has negatively impacted global oil prices. Wyoming Republican Senator John Barrasso says he’s ready to lift the ban.

Gas prices are up across the Rocky Mountain States as Canadian oil costs increase. Although this means that prices in Wyoming are back to more than $3.00 per gallon, Wyoming drivers are still paying less than the national average.

The Wyoming Senate has given initial approval to a bill that would increase the gas tax by $.10 per-gallon. 

Laramie Gas Prices Lowest in Nation

Jan 8, 2013

It’s a good time to fill up in Wyoming, especially if you live in Laramie—which boasts the lowest gas prices in the nation, at $2.47. The state average is $2.83, which is about two and a half dollars less than the national average.  That’s according to gasbuddy.com, which collects data from volunteer price spotters around the country.

Gas Buddy Senior Petroleum Analyst, Patrick DeHaan says Wyoming’s location, low taxes, and prolific refineries contribute to the low prices.

Gas Buddy Dot Com

Wyoming has been relatively insulated from a jump in American gasoline prices.

Gregg Laskoski is a senior petroleum analyst for Gas-Buddy-dot-com. He says supply problems – exacerbated by a pipeline rupture in Wisconsin and refinery fires in California and Indiana – are behind rising prices.

Laskoski says the national average price of gas is $3.67, up $.25 from last month… but gas in Wyoming has only risen by $.05.

“Wyoming has been able to access cheaper Canadian crude oil,” Laskoski says. “In addition to that, Wyoming has a very low fuel tax.”

Analysts are making conflicting predictions about where gas prices will go this summer. Some are forecasting record highs, while others say prices at the pump have already peaked. Businesses in Wyoming’s service industry hope for the latter, as they depend on an injection of tourism dollars each summer. Wyoming Public Radio’s Rebecca Martinez spoke with several businesses near Yellowstone about what might happen if gas prices climb with the temperature.