Feeling The Pinch Yet? Gas Prices Heating Up Every Week


Feeling the pinch of increasing gas prices in your wallet yet? Thousands of drivers in Yakima are searching for the cheapest prices for gas because the price is on the rise nearly every week.

STABILIZATION ON THE WAY?
Currently Yakima gas prices have are up 0.3 cents per gallon in the past week, averaging $ 3.71 a gallon today, according to GasBuddy’s daily survey of 91 stations in Yakima. GasBuddy also says gas prices in Yakima are 23.0 cents per gallon higher than a month ago and stand $ 1.04 per gallon higher than a year ago.
“While the national average has seen a slight rise over the last week, we may see some stabilization coming to the pump as oil prices hold just under their 2021 peak from last week,” says Patrick De Haan, head of petroleum analysis for GasBuddy. “Without additional crude oil supply coming online in the weeks ahead, we could see oil test $ 80 per barrel in the next couple of weeks. However, with US gasoline demand falling slightly last week, we may have already seen peak consumption with the July 4 holiday. While the jury isn’t quite in on that just yet, we’re potentially only 4-6 weeks away from gas prices beginning a seasonal decline that we’re likely all eagerly awaiting. “

RISING EVERY WEEK PRICES
GasBuddy says the national average price of gasoline is up 0.5 cents per gallon in the last week, averaging $ 3.13 per gallon today. The national average is up 5.0 cents per gallon from a month ago and stands 93.7 cents per gallon higher than a year ago.

Historical gasoline prices in Yakima and the national average going back ten years:
July 12, 2020: $ 2.67 / g (US Average: $ 2.19 / g)
July 12, 2019: $ 3.26 / g (US Average: $ 2.79 / g)
July 12, 2018: $ 3.37 / g (US Average: $ 2.89 / g)
July 12, 2017: $ 2.69 / g (US Average: $ 2.25 / g)
July 12, 2016: $ 2.61 / g (US Average: $ 2.21 / g)
July 12, 2015: $ 3.12 / g (US Average: $ 2.76 / g)
July 12, 2014: $ 3.92 / g (US Average: $ 3.62 / g)
July 12, 2013: $ 3.79 / g (US Average: $ 3.56 / g)
July 12, 2012: $ 3.59 / g (US Average: $ 3.38 / g)
July 12, 2011: $ 3.75 / g (US Average: $ 3.63 / g)

Neighboring areas and their current gas prices:
Tacoma- $ 3.85 / g, down 0.8 cents per gallon from last week’s $ 3.86 / g.
Seattle- $ 3.92 / g, up 4.4 cents per gallon from last week’s $ 3.88 / g.
Washington- $ 3.75 / g, up 0.4 cents per gallon from last week’s $ 3.74 / g.

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