WASHINGTON - Gas prices might be going down significantly in the near future, good news for those at the pump.
From January to May, the price of gas per gallon has increased by over 20 cents. In the near future, gas prices in the state are expected to decrease to as much as 40 cents per gallon.
“Certainly much of Washington state could see another decline of anywhere from 15 to as much as 40 cents per gallon at some stations,” GasBuddy Senior Petroleum Analyst Patrick DeHaan told KIRO Radio.
DeHaan added Eastern Washington could see prices fall back below $3 a gallon, and the Seattle area could end up in the “low $3 range."
Why are the gas prices expected to drop?
It is due in part to a downfall of nearly $13 a barrel for the price of oil, and the analyst said it is in part because of shut down refineries coming back online.
“A spat of refining kinks earlier this spring led to a tightness in supply that has since been alleviated,” said DeHaan. “Refineries have gotten back online, boosted production — that’s how prices come down.”
The refinery outages in California caused gas prices to shoot up across Washington State back in April. When describing the increase, DeHaan said it was “bigger than we’ve seen in recent memory."
Where is the cheapest place to fill up your tank in Grant, Chelan and Douglas counties?
In Moses Lake, Sunval has the cheapest gas clocking in at $3.19 per gallon, while the USA Gas Station in Ephrata has gas at $3.21 a gallon.
In Wenatchee, the cheapest gas is at North Avenue Market where it is currently $3.17 per gallon. In East Wenatchee, the cheapest price you'll find to fill up your rig is at Costco, where the price is $3.15 per gallon.