For the week of December 23 thru December 29, 1998
Idaho gas prices plummet
SV Sinclair selling gas at $1.19.9 per gallon
By GREG STAHL
New pumps, new look, new prices at the station operated by Sun Valley resort. (Express photos by Charmaine McCann)
With Sun Valley Company lowering its 85-octane gasoline prices to $1.19.9 a gallon, the statewide gas price plummet has become apparent even in the Wood River Valley.
According to Sun Valley Company public relations representative Jack Sibbach, the resort is now keeping its Sun Valley Road Sinclair station open 24 hours a day. Between the hours of 5 p.m. and 6 a.m., the station is open only with credit card use, Sibbach said.
The gas prices have been dropped in part to advertise for the new 24-hour service, Sibbach said. Also, he said that historically, Sun Valley Company has not had the cheapest gasoline in the upper valley; now it does.
Local gas price drops are, however, only an indicator of what is going on statewide.
Idahos office of the American Automobile Association said the statewide average price for a gallon of self-serve unleaded gasoline is $1.08, down 8.4 cents since the Thanksgiving holiday and at the lowest level for the Christmas holiday season since 1989.
The current average price is six cents higher than the national average price of $1.02 and is 23 cents lower than the price Idaho motorists paid one year ago.
"Idahos retailers have responded to the market conditions with gasoline prices at or below the dollar-a-gallon average mark at some locations," said Idahos AAA spokesman Dave Carlson. "In Boise, prices plummeted a dime in a period of a few days this past week."
Idaho price drops are a result of what has been going on nationally for the past several months. The U.S. retail marketplace has responded to heavy inventories of crude oil and refined fuel products and lower seasonal demand, said Carlson.
Unseasonably warm temperatures throughout the country have also led to weak demand for heating oil, which is keeping stocks high and prices low.
|Copyright © 1998 Express Publishing Inc. All Rights reserved. Reproduction in whole or in part in any form or medium without express written permission of Express Publishing Inc. is prohibited.