The average U.S. gas price as of Monday tumbled six cents from last week, following President Biden’s release of 1 million barrels of oil per day for the next six months from the country’s Strategic Petroleum Reserve.

While a six-cent-savings at the pump might feel like a major win, it’s not exactly $2.3 billion back in your pocket. Skyrocketing oil prices over the last month have greatly benefited oil companies, with ExxonMobil announcing Monday that the company will post a massive profit increase in the first quarter of 2022: up to $2.3 billion on oil alone.

Stacker compiled statistics on gas prices in Washington using data from AAA. Gas prices are as of April 4. State gas tax data is from World Population Review. Three states, Connecticut, Georgia, and Maryland, have temporarily suspended gas taxes to help consumers while the cost of gas has increased.

Globally, the weekend brought more volatility to the oil market. Crude oil rose more than 3% on Monday following evidence of war crimes in Ukraine and increased pressure on European countries to impose sanctions on Russia’s energy sector in response.

A two-month ceasefire brokered by the United Nations between a warring Saudi-led coalition and Iran-backed Houthi rebels positively impacted the oil market, easing concerns about supplies to the Middle East. The Houthis have targeted Saudi oil facilities during the war.

You Might Also Like: Transportation Bill Would Increase Vehicle and License Fees

Fuel for Thought

Washington by the numbers
– Current price: $4.71
– Week change: +$0.03 (-0.6%)
– Year change: +$1.38 (+41.3%)
– Gas tax: $0.52 per gallon (#3 highest among all states)
– Historical expensive gas price: $4.74 (3/15/22)

Gas Prices in Auburn, WA
As of 04/05/2022 at 12:00 p.m.

ARCO & ampm 3910 S 320th St	$ 4.39 cash
Walmart 762 Outlet Collection Dr	$4.45
Marathon 520 E Main St	$ 4.55 cash
ARCO & ampm 3648 Auburn Wy N	$ 4.59 cash
ARCO 305 S At SE	$ 4.59 cash
Fred Meyer 801 Auburn Wy N	$ 4.69
Safeway 101 Auburn Way S	$ 4.69
7-Eleven 4026 A St SE	$ 4.71
7-Eleven 1539 21st St SE	$ 4.75
76 & 7-Eleven 1602 A St SE	$ 4.75
76 1725 Auburn Wy N	$ 4.79
76 5011 S 288th St	$4.89
Chevron 1692 Lake Tapps Pkwy E	$4.92
Chevron & 7-Eleven 31980 Military Rd S	$5.29

Gas Prices in Pacific, WA
As of 04/05/2022 at 12:00 p.m.

ARCO & ampm 401 Ellingson Rd	$4.59 cash
Chevron 174 Stewart Rd SW	$4.79 cash
7-Eleven 415 Milwaukee Blvd N	$4.79
Shell 1151 Valentine Ave SE	$4.79 cash
76 406 Ellingson Rd	$4.99 cash

Metros with most expensive gas in Washington
#1. Seattle-Bellevue-Everett: $4.88
#2. Longview: $4.80
#3. Tacoma: $4.77
#4. Vancouver: $4.76
#5. Olympia: $4.76
#6. Bremerton: $4.72
#7. Bellingham: $4.65
#8. Mount Vernon-Anacortes: $4.61
#9. Walla Walla: $4.59
#10. Yakima: $4.59
#11. Wenatchee: $4.58
#12. Richland-Kennewick-Pasco: $4.42
#13. Spokane: $4.31
#14. Clarkson: $4.21

States with the most expensive gas
#1. California: $5.85
#2. Hawaii: $5.21
#3. Nevada: $5.19

States with the least expensive gas
#1. Missouri: $3.73
#2. Oklahoma: $3.75
#3. Kansas: $3.75

States with the highest gas tax per gallon
#1. Pennsylvania: $0.59
#2. California: $0.53
#3. Washington: $0.52

States with the lowest gas tax per gallon
#1. Alaska: $0.0895
#2. Hawaii: $0.16
#3. Virginia: $0.162

The above article originally appeared on Stacker and has been republished with permission. The Auburn Examiner has not independently verified content provided by Stacker or GasBuddy.