Area gasoline prices are falling just as our summer temperatures heat up.
Average pump prices for Tacoma have dropped 2.5 cents a gallon in the past week, averaging $2.65 a gallon Monday afternoon, according to tacomagasprices.com. Prices are about 50 cents lower than the same period last year.
Nationally, prices have dropped 4.5 cents a gallon in one week to an average of $2.15 a gallon.
The Arco station at Orchard and 56th streets and Tacoma’s Costco at 37th and Steele streets were the low-price leaders Monday at $2.28 a gallon. In Olympia, the lowest price Monday was $2.36 a gallon at the APP station on Fones Road Southeast, according to washingtongasprices.com.
According to Patrick DeHaan, senior petroleum analyst for GasBuddy. “Not only are gas prices nationally at their lowest level of the summer, but they have continued to decline as the glut of oil and refined products has persisted. Almost every state saw a decline in gasoline prices versus last week, thanks to crude oil prices approaching their lowest level of the summer.
“I foresee that excluding a major hurricane or other disruption, we are very likely to see many more states with average prices falling under $2 per gallon by Halloween.”