Gas prices continue to rise in Washington state
Gas prices have continued to rise in Washington state over the past week, following a 14-week decline.
The average price for a gallon of regular gas in Washington state is $5.35, as of Wednesday, according to AAA. That's 2 cents up from Tuesday, and 25 cents up from a week ago. A month ago, it was $4.68. Some of the highest prices are in King County where the average is $5.56.
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In short, this all adds up to rising prices at the pump by a few cents each day. All the usual suspects are behind this trend: production snafus, hurricanes, and overseas conflicts.
GasBuddy's Patrick De Haan says that gas prices are more or less severe in different parts of the country.
“Some West Coast states saw prices rise 35 to 55 cents per gallon in the last week as refinery issues continued to impact gasoline supply, which fell to its lowest level in a decade in the region, causing prices to skyrocket," De Haan said. "While I’m hopeful there will eventually be relief, prices could go a bit higher before cooling off. In addition, OPEC could decide to cut oil production by a million barrels as the global economy slows down, potentially creating a catalyst that could push gas prices up further.”
De Haan made that statement in an Oct. 3 blog post. NPR reported this morning that the OPEC+ alliance will cut oil production by 2 million barrels a day. That move is expected to cause gas prices to tick up even further.
This segment on gas prices in Washington state was originally published in the Oct. 5 edition of the Today So Far newsletter.