Gasoline prices continue to steadily decline in the Bellingham, so much so that they are no longer the most expensive in the state.
The average price for a gallon of gas in the Bellingham metro area was $3.695 on Monday, Oct. 6. That’s down more than 7 cents a gallon compared to a week ago and down nearly 30 cents compared to a month ago, according to AAA Washington’s Daily Fuel Gauge Report.
Bellingham’s average price is even lower than the Seattle metro area, which came in at $3.702. Bellingham typically has the highest average price among Washington’s major metro areas.
The current Bellingham average is slightly higher than a year ago, when the price was $3.67 a gallon.
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Diesel prices are following a similar downward path. The average price in Bellingham on Oct. 6 was $4.01. That’s down 6 cents from a week ago and is lower than the Seattle area average of $4.02.
Bellingham’s prices are following a national trend that is expected to continue into the winter, according to a report from GasBuddy.com. The report predicts that the average national gas price could get down to $3.10 a gallon by December. It also predicts two out of three states will have at least some stations posting prices of less than $3 a gallon this autumn.
The least-expensive prices are likely to occur when several U.S. and Canadian refiners complete autumn maintenance projects, said Tom Kloza, chief oil analyst for GasBuddy, in a news release.
“The actual bottom in this current down-cycle may not occur until January,” Kloza said.
One reason for the low prices in the U.S. is the continuing drop in crude oil, which is at its lowest levels since 2012.