Gasoline prices are starting to head down in Bellingham, a trend that’s expected to continue in the coming weeks.
The average price for a gallon of gas was $3.11 in the Bellingham metro area on Monday, June 8. That’s down 2 cents compared to a week ago and 91 cents compared to a year ago, according to AAA Washington’s Daily Fuel Gauge Report.
The state average in Washington is $3.05 a gallon, unchanged from a week ago, according to GasBuddy.com. This is the time of year when gas prices tend to go down, and Gasbuddy’s senior petroleum analyst Patrick DeHaan is optimistic it will happen again this year. He noted that OPEC’s decision to not curtail oil production is one reason he’s optimistic.
“We’re finally starting to get a well-needed respite from rising gasoline prices across the country, led by California’s nearly double-digit per gallon decline in the last week,” DeHaan said in a news release.
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Several factors could reverse the trend of lower summer gas prices in Bellingham, including a shutdown of a West Coast refinery or a damaging hurricane in the Gulf states.
Bellingham’s average gas price on June 8 is tied with Seattle for highest among Washington’s major metro areas. Spokane had the least-expensive average, at $2.90 a gallon. Washington has the fifth-highest gas-price average in the U.S., with California, Alaska, Hawaii and Nevada the only states with a higher average price.
Reach Dave Gallagher at 360-715-2269 or email@example.com.