In response to an announced ceasefire between the United States and Iran, crude oil futures markets dropped by nearly $18 per barrel Wednesday.

But for now, Idaho drivers are still feeling the pain when they stop to fill up.

According to AAA, Wednesday’s average price for a gallon of regular gasoline in the Gem State is $4.32, which is 5 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 – 10 cents more than a week ago, 71 cents more than a month ago and 92 cents more than a year ago. Today, Idaho ranks ninth 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,” said Matthew Conde, AAA Idaho public affairs director. “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 Wednesday:

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