Gas prices in region to jump again
May 23, 2012 · 12:36 PM
This release comes from SeattleGasPrices.com.
Motorists should be aware of the likelihood of a sharp rise in gasoline prices in the next few days and through the weekend in Seattle. "I expect stations to increase prices as much as 10-35 cents per gallon by the conclusion of the weekend with some stations starting to raise prices immediately," said Patrick DeHaan, GasBuddy.com Senior Petroleum Analyst.
DeHaan warns that tight supply is boosting prices significantly throughout the entire West Coast region, with the worst prices in the nation likely to soon be found in Oregon and Washington. Wholesale gasoline prices, the price stations pay before taxes and freight charges, is at its highest level ever recorded for the Pacific Northwest. While wholesale costs are rising slightly in California, Oregon and Washington will see prices rise the most over the next few days and into the weekend. While this situation is ugly for motorists, it is temporary. "I expect the situation to slowly resolve itself over the next few weeks, but as gasoline prices tend to fall slowly, motorists may not have a sense of real relief until late-June or July," DeHaan said.