When it comes to gas prices, the question is how low can they go?
Some Whatcom County gas stations are posting prices below $2 a gallon, numbers last seen locally in early 2015. This is typically the time of year when gas prices continue to drop as demand decreases and refineries switch back to the less-expensive winter blend.
The overall price should continue to fall and flatten out for the remainder of the year barring a major refinery issue or a spike in crude oil prices, said Jennifer Cook, a spokeswoman at AAA Washington. She noted that sometimes issues can pop up during maintenance while switching blends, but those usually are minimal during the fall changeover.
In the Bellingham metro area the average price for a gallon of gas was $2.39 on Wednesday, Oct. 7, according to AAA Washington’s Daily Fuel Gauge Report. That’s down 42 cents from a month ago and down $1.29 from a year ago.
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Bellingham has the second-lowest average price for major metro Washington areas, behind Richland’s $2.33 average per gallon. Seattle has the highest average, at $2.64 a gallon.
“The outlook remains good for prices continuing to fall towards the $2 mark; time will tell if we will fall below,” Cook said.
$2.39Average Bellingham price
$4.28Average B.C. price
Two U.S. states already have gas prices averaging below $2 a gallon, according to GasBuddy.com: South Carolina and New Jersey, which are both at $1.96 a gallon.
In British Columbia, the average price for a gallon of gas is $4.28 in Canadian currency, according to GasBuddy.
Diesel prices also are tumbling. The average price in Bellingham on Oct. 7 was $2.63 a gallon, down $1.38 from a year ago.
MAP OF GAS PRICES
Find the best price for gas where you live at bellinghamherald.com/gas-prices.