Thanksgiving Travel Plans? Get Ready to Pay More For Gas
Fall gas prices continue to impact the daily budget of families in Yakima and around the state. Officials at GasBuddy say Yakima gas prices are down 1.3 cents per gallon in the past week, averaging $3.76 per gallon today, according to GasBuddy's daily survey of 91 stations in Yakima.
No big relief in site before Thanksgiving
Gas prices in Yakima are 7.3 cents per gallon higher than a month ago and stand $1.18 per gallon higher than a year ago.
"Last week saw oil prices briefly fall back under $80 for the first time in weeks. While it wasn't enough to provide much relief last week, we should see small declines this week in a majority of the country, thanks to the corresponding drop in wholesale gasoline prices," says Patrick De Haan, head of petroleum analysis for GasBuddy. "At OPEC's monthly meeting last week, the cartel held firm to the small increases they agreed to in July, raising November production by 400,000 barrels per day. With President Biden still mulling over options to help push gas prices down, we could continue to see some volatility in oil prices. I don't immediately see a large decline or surge coming in the run up to Thanksgiving, but U.S. gasoline demand does remain strong. Levels are currently rivaling September demand, so we know high prices aren't significantly curbing consumption."
Prices are up on the national side
The national average price of gasoline has risen 1.8 cents per gallon in the last week, averaging $3.41 per gallon today. The national average is up 15.1 cents per gallon from a month ago and stands $1.31 per gallon higher than a year ago.
Historical gasoline prices in Yakima and the national average going back ten years:
November 8, 2020: $2.58/g (U.S. Average: $2.09/g)
November 8, 2019: $3.36/g (U.S. Average: $2.63/g)
November 8, 2018: $3.38/g (U.S. Average: $2.72/g)
November 8, 2017: $2.92/g (U.S. Average: $2.56/g)
November 8, 2016: $2.70/g (U.S. Average: $2.20/g)
November 8, 2015: $2.44/g (U.S. Average: $2.22/g)
November 8, 2014: $3.08/g (U.S. Average: $2.93/g)
November 8, 2013: $3.34/g (U.S. Average: $3.20/g)
November 8, 2012: $3.63/g (U.S. Average: $3.46/g)
November 8, 2011: $3.80/g (U.S. Average: $3.41/g)
Even higher prices in other parts of the state
Neighboring areas and their current gas prices:
Tacoma- $3.85/g, down 3.5 cents per gallon from last week's $3.89/g.
Seattle- $4.00/g, down 3.2 cents per gallon from last week's $4.04/g.
Washington- $3.78/g, down 1.6 cents per gallon from last week's $3.79/g.
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