BOISE – In response to an announced ceasefire between the United States and Iran, crude oil futures markets have dropped by nearly $18 per barrel today. But for now, Idaho drivers are still feeling the pain when they stop to fill up.
According to AAA, today’s average price for a gallon of regular gasoline in the Gem State is $4.32, which is five cents more than a week ago, $1.09 more than a month ago, and 96 cents more than a year ago.
The national average currently sits at $4.16 per gallon – ten cents more than a week ago, 71 cents more than a month ago, and 92 cents more than a year ago. Today, Idaho ranks 9th in the nation for the most expensive fuel.
“The two-week ceasefire is a signal to the market that crude oil shipments through the Strait of Hormuz may flow through the area unhindered for a period of time,” says AAA Idaho public affairs director Matthew Conde. “However, it’s too early to tell if there will be a lasting resolution, and even so, we’re stuck with higher gas prices until crude oil prices are consistently lower.”
The West Texas Intermediate benchmark for crude oil is currently trading near $95 per barrel, a nearly $18 drop since the market opened this morning. Lower crude prices can help apply downward pressure on gas prices.
Here’s a look at Idaho gas prices as of 4/8/26:
- Boise – $4.38
- Coeur d’Alene -$4.12
- Franklin – $4.25
- Idaho Falls – $4.32
- Lewiston – $4.12
- Pocatello – $4.35
- Rexburg – $4.34
- Twin Falls – $4.37