Summer Travel Plans Shortened by Gas Prices? You’re Not Alone
There's no doubt that by now if you're in charge of finances in your home you've seen the gas bill climb fast as the price of gas continues to rise.
GAS IN YAKIMA IS SELLING FOR AN AVERAGE $3.75 A GALLON
This week gas prices in Yakima are up another 2.2 cents per gallon selling for an average of $3.75 a gallon. According to GasBuddy survey of 91 stations in the Yakima area gas prices are 5.6 cents per gallon higher than a month ago and they stand $1.11 per gallon higher than a year ago. Price reports from GasBuddy show the cheapest station in Yakima is priced at $3.19 per gallon today while the most expensive is $3.99 per gallon, a difference of 80.0 cents per gallon.
THE NATIONAL AVERAGE IS ON THE WAY UP AS WELL
It's not any cheaper on the national side. The national average price of gasoline is up 0.6 cents per gallon in the last week, averaging $3.18 gallon. The national average is up 3.5 cents per gallon from a month ago and stands $1.02 per gallon higher than a year ago.
COULD THE CONSTANT RISE IN PRICES SOON END?
"Motorists have seen average gas prices edge slightly higher over the last week, even as the price of oil saw selling pressure. This leads me to believe that the tide may soon turn on gas prices, so long as we don't see hurricanes target the country. In addition, GasBuddy data showed a decline in gasoline demand last week as we inch towards the end of the summer driving season, a time when demand softens," says Patrick De Haan, head of petroleum analysis for GasBuddy. "With the factors that drive prices higher now softening, I'm hopeful that in the next few weeks, we'll start to see average gas prices declining. However, motorists shouldn't get too excited yet - larger declines will likely not come until late September and October, as we transition back to cheaper winter gasoline."
GAS WAS MUCH CHEAPER JUST A YEAR AGO
Historical gasoline prices in Yakima and the national average going back ten years:
August 9, 2020: $2.64/g (U.S. Average: $2.16/g)
August 9, 2019: $3.14/g (U.S. Average: $2.65/g)
August 9, 2018: $3.37/g (U.S. Average: $2.87/g)
August 9, 2017: $2.67/g (U.S. Average: $2.36/g)
August 9, 2016: $2.51/g (U.S. Average: $2.12/g)
August 9, 2015: $3.08/g (U.S. Average: $2.60/g)
August 9, 2014: $3.86/g (U.S. Average: $3.47/g)
August 9, 2013: $3.84/g (U.S. Average: $3.56/g)
August 9, 2012: $3.68/g (U.S. Average: $3.66/g)
August 9, 2011: $3.82/g (U.S. Average: $3.64/g)
Neighboring areas and their current gas prices:
Tacoma- $3.90/g, down 0.6 cents per gallon from last week's $3.91/g.
Seattle- $3.98/g, down 2.1 cents per gallon from last week's $4.00/g.
Washington- $3.78/g, up 0.8 cents per gallon from last week's $3.78/g.