Spokane sees 9 cent increase in gas prices last week
Gas prices in Spokane are currently 2.3 cents higher than one month ago and $1.25 higher than this time a year ago, according to GasBuddy.
SPOKANE, Wash. — Spokane’s gas prices have risen nearly 9 cents in the last week, according to a GasBuddy survey.
GasBuddy surveyed 187 gas stations in Spokane and found that the average price per gallon is $4.32 as of Monday. The cheapest gas in Spokane is priced at $4.16 per gallon, while the most expensive is $4.65, a difference of 49 cents per gallon.
Gas prices in Spokane are currently 2.3 cents higher than one month ago and $1.25 higher than this time a year ago, according to GasBuddy.
As of April 24, the cheapest gas in Washington State was $3.97 while the highest was $5.49 per gallon.
Neighboring states also saw an uptick in gas prices last week. In Idaho, the average gas price is $4.40, up nearly 3 cents from the week prior.
The national average gas price has risen to 4.4 cents per gallon in the last week, according to GasBuddy. The average price of gas nationwide is currently $4.11, 21 cents cheaper than Spokane’s average gas price.
This is the first time in more than a month that the national average gas price has increased, according to the head of petroleum analysis at GasBuddy, Patrick De Haan. The rise can be attributed to oil prices increasing the week before last.
“The rise has been quite tame in most areas, while others have continued to gently decline,” De Haan said in a statement. “But, with the French election now behind us, there is risk that the EU could pursue harsher sanctions on Russia’s energy, which could cause oil prices to rise if it happens – something motorists should be on the watch for.”
De Haan explained that US oil inventories are continuing to decline, which will put additional pressure on prices as the nation’s Strategic Petroleum Reserve (SPR) continues to drain.
“The global imbalance between supply and demand that led to these higher prices continues for the time being,” he explained.