Gas Prices Increasing as More Americans Hit the Road
Gas prices continue and upward trend in Yakima where prices this week are up another 14.3 cents a gallon according to GasBuddy's daily survey of 91 stations in the Yakima area. While millions of Americans hit the road for the past 4th of July holiday there's still a summer of driving ahead with expected gas price increases. Gas is selling for an average price os $3.71 a gallon in Yakima. GasBuddy says gas prices today are 22.5 cents per gallon higher than a month ago and stand $1.07 per gallon higher than a year ago. On the national side the price of gas is unchanged in the last week, averaging $3.12 per gallong today. The national average is up 7.9 cents per gallon from a month ago and stands 94.3 cents per gallon higher than a year ago.
"Gasoline demand over the holiday weekend certainly did not disappoint as millions of Americans flooded the roads for the long weekend, guzzling down gasoline at a clip not seen in years, and in the process, we could have set new all-time records for consumption," said Patrick De Haan, head of petroleum analysis for GasBuddy. "As OPEC+ met over the weekend and saw a heated disagreement about raising oil production, WTI crude oil surged in Monday evening electronic trading to nearly $77 per barrel on higher demand and a lack of additional supply from OPEC amidst a mountain of disagreement on how to respond to the market. For now, with imbalances in supply and demand continuing, motorists will continue digging deeper to pay for gasoline as prices are likely headed no where but up until global supply starts to catch up with the continued surge in demand."
According to GasBuddy price reports, the cheapest station in Yakima is priced at $3.25/g today while the most expensive is $3.99/g, a difference of 74.0 cents per gallon. The lowest price in the state today is $3.19/g while the highest is $4.49/g, a difference of $1.30/g.
Historical gasoline prices in Yakima and the national average going back ten years:
July 6, 2020: $2.64/g (U.S. Average: $2.18/g)
July 6, 2019: $3.31/g (U.S. Average: $2.75/g)
July 6, 2018: $3.37/g (U.S. Average: $2.86/g)
July 6, 2017: $2.70/g (U.S. Average: $2.26/g)
July 6, 2016: $2.59/g (U.S. Average: $2.25/g)
July 6, 2015: $3.12/g (U.S. Average: $2.76/g)
July 6, 2014: $3.92/g (U.S. Average: $3.65/g)
July 6, 2013: $3.74/g (U.S. Average: $3.47/g)
July 6, 2012: $3.64/g (U.S. Average: $3.36/g)
July 6, 2011: $3.76/g (U.S. Average: $3.57/g)
Neighboring areas and their current gas prices:
Tacoma- $3.86/g, up 7.2 cents per gallon from last week's $3.79/g.
Seattle- $3.88/g, up 3.2 cents per gallon from last week's $3.84/g.
Washington- $3.74/g, up 5.8 cents per gallon from last week's $3.69/g.