Casper Gas Prices Are Up $1.35 From Last Year
Gas prices are higher than they've been since 2014, Wyoming's state average is $3.50 per gallon around $.09 higher than the National average at $3.41. Last year at this time, the average price per gallon of gas was $2.16.
According to the graph below from AAA, Natrona County has the 5th lowest prices for gas in the state. Campbell county is quite a bit lower than the State average at just $3.10 per gallon, Goshen County is 2nd lowest at $3.17, followed by Albany County $3.21, Sheridan County $3.33. No surprise that Teton County has the highest price coming in at an average of $3.92 per gallon.
A report in Business Insider claims there are three reasons the prices are up so high.
The demand is high, because people are getting out on the road again.
U.S. oil production and refining haven't been able to keep up
Energy markets around the globe are in a crunch
According to Energy Information Administration Hurricane Ida shut down much of the oil industry in the Gulf Of Mexico in late August. I get that these storms may have caused a slight delay in the production, but the price of gas was going up way before August. As a matter of fact, just looking at the price of gas 1 year ago you kind of wonder what's really up. During summer of 2020 there were 12 Hurricanes, including Hurricane Laura which was a Category 4 Hurricane that made landfall in Louisiana killing 27 people. I'd say 2020 was a pretty big year for Tropical Storms too, but gas prices were barely over $2.
With the holiday's just around the corner, you can expect the prices to remain high. AAA predicts that travel will be up by 13% from 2020 with predictions of 53.4 million people traveling and 48.3 on the road. The increase is the highest single year increase in travelers since 2005.