While South Sound gas prices are rising, the uptick isn’t as steep as it is nationally.
Gas prices in the area have climbed 0.6 cents a gallon in one week, compared with a 2.4 cents a gallon increase on average nationally, according to fuel price monitoring site GasBuddy.com. On Monday, Tacoma’s average price for a gallon of unleaded fuel was $2.34, while the state average was just below that at $2.33, according to Tacomagasprices.com.
In 2015 at this time, prices in Tacoma were $2.84 a gallon, in 2014, it was $3.89 a gallon.
The website reported Monday that the Orchard Street Arco and Tacoma’s Costco were tied for the lowest price at $1.96 a gallon. In Olympia, the lowest price Monday was $2.09 a gallon, found at two Arco stations and a 76 station, all on Martin Way East.
“Leading the demand surge has been gasoline, where the Energy Information Administration shows year-to-date demand to be up 3.4 percent from last year and up 7.4 percent from 2014, according to their ‘product supplied’ demand indicator,” said Will Speer, a Houston-based senior petroleum analyst for GasBuddy. “Unsurprisingly, this has impacted retail gasoline prices, causing 43 of the 50 states to raise prices from a week ago.”