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Yo_Mama_Been_Loggin

(107,711 posts)
Sat Jul 23, 2022, 12:44 PM Jul 2022

Gas Prices Improving In Washington, Nationally

SEATTLE — Gas prices are keeping up a steady slide in Washington and across the United States, thanks both to lower demand and declining oil prices, according to AAA. On Monday, the travel firm said the national average for a gallon of gas fell by 15 cents in a week and was down another 8 cents by Thursday.

“Global economic headwinds are pushing oil prices lower and less expensive oil leads to lower pump prices,” said Andrew Gross, a AAA spokesperson. “And here at home, people are fueling up less, despite this being the height of the traditional summer driving season. These two key factors are behind the recent drop in pump prices.”

Though drivers are getting a little relief at the pump, paying about 50 cents less than a month ago nationally, current prices are still considerably higher than the same time last year. In Washington, the statewide average was just below $5.17 Friday, down more than 30 cents over the month, but more than a dollar higher than a year ago. The state recorded its highest average prices last month, reaching $5.55 on June 16 per gallon for regular unleaded and $6.46 for diesel.

Washington's prices remain highest in King County, averaging $5.42 cents per gallon for regular grade gasoline. The sharpest declines last week were seen in Iowa, Delaware and Wisconsin, where prices dropped 23 cents.

https://www.msn.com/en-us/money/markets/gas-prices-improving-in-washington-nationally/ar-AAZSFae

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Gas Prices Improving In Washington, Nationally (Original Post) Yo_Mama_Been_Loggin Jul 2022 OP
Biden actually had a small part in the reduction. SmittyWerben Jul 2022 #1

SmittyWerben

(823 posts)
1. Biden actually had a small part in the reduction.
Sat Jul 23, 2022, 01:08 PM
Jul 2022

The feds have been selling US crude from the national reserves over seas. Apparently the US refining capacity was near max so the administration sold oil on the open market to increase supply over seas in order to reduce any perceived shortages. Also made the US government some cash. I am sure the rethugs hate all of this.

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