Egg Prices Fall, Gas Prices Rise—What’s Happening?

Are you waiting for the Trump impact on grocery and gas prices? Many consumers are waiting to see falling prices but while egg prices are down gas prices haven't seen the same drop.

WE KNOW WHERE TO FIND THE CHEAPEST GAS IN THE VALLEY

After a two-weeks of falling prices, average gasoline prices in Yakima up by 3.7 cents per gallon over the past week, climbing to an average of $3.92 per gallon, according to GasBuddy's latest survey of 91 local stations. The national average price of diesel has decreased by 2.0 cents over the past week, settling at $3.49 per gallon. Meanwhile, regular unleaded gasoline statewide is averaging $4.27 per gallon. Where can you find the cheapest gas? It's at Wheeler's Kountry Korner in Wapato, where gas was priced Sunday at $3.18 per gallon.

DON'T WANT TO MAKE THE DRIVE TO WAPATO FOR CHEAPER GAS?

In the Yakima area, Costco in Union Gap and Ahtanum Fuel Stop on Goodman Road both offer competitive prices at $3.29 per gallon also priced on Sunday.
Patrick De Haan, head of petroleum analysis at GasBuddy, attributes the recent rise and fall in gas prices to a mixed bag of factors affecting markets across the country. "Average gasoline prices in the U.S. have been volatile over the past week, with roughly half of the 50 states seeing prices decline while the other half experienced increases."

RECOVERY OF OIL PRICES HAS LEAD TO THE GAS PRICE INCREASE

He says oil prices, which previously dropped to the $50 per barrel range amid trade tensions during the Trump administration, have recently rebounded to stabilize in the low $60s. De Haan says that recovery has contributed to rising gas prices in some regions.
Looking ahead, De Haan says he expects the national average to "bounce around in the $3.10 to $3.20 per gallon range over the coming week." He says consumers should be prepared for continuing mixed outcomes depending where they live.

WELL AT LEAST EGG PRICES ARE DROPPING

Egg prices fell again last week to $3.00 per dozen, according to the latest weekly egg market report from the US Department of Agriculture. That marks a 9% decrease compared to the previous week.