Gas Prices: Volatile Energy Market Sees Three Week High Oil Prices

Average gas prices per gallon in the U.S. are up slightly from the weekend but down about three cents from one week ago.Using data from AAA, below are statistics on gas prices in Washington, including prices are as of April 18. 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, political turmoil is sending shockwaves through the oil market. Brent crude oil traded at $114 a barrel on Monday, April 18—a three-week high—amid a production outage at Libya’s largest oil field, El Feel.

Protesters halted production at El Feel, demanding the ousting of the Abd Alhamid Aldabaiba government, a transition of power to the Fathi Bashagha government, and the resignation of NOC chairman Mustafa Sanalla. El Feel typically produces 70,000 barrels of crude each day.

The disruption, in addition to declining Russian oil production and reduced energy demand from China amid COVID-19 lockdowns in Shanghai, is creating volatility in the global energy market.

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Fuel for Thought

Washington by the numbers
– Current price: $4.67
– Week change: -$0.01 (-0.1%)
– Year change: +$1.30 (+38.6%)
– 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 04/19/2022 at 12:00 p.m. – in no order

ARCO & ampm 3910 S 320th St	$ 4.25 cash
Walmart 762 Outlet Collection Dr	$4.29
ARCO & ampm 3648 Auburn Wy N	$ 4.53 cash
Marathon 520 E Main St	$ 4.55 cash
ARCO 305 S At SE	$ 4.49 cash
Fred Meyer 801 Auburn Wy N	$ 4.69
Safeway 101 Auburn Way S	$ 4.69
76 & 7-Eleven 1602 A St SE Pumps temp. closed as of Tues, Apr 19 at 12PM	~~$ 4.74~~
7-Eleven 1539 21st St SE	$ 4.74
7-Eleven 4026 A St SE	$ 4.61
76 1725 Auburn Wy N	$ 4.79
76 1111 17th St SE	$4.69 cash
76 5011 S 288th St	$4.89 cash
Chevron 1692 Lake Tapps Pkwy E	$4.71 cash
Chevron & 7-Eleven 31980 Military Rd S	$5.09 cash

Gas Prices in Pacific, WA
As of 04/15/2022 at 12:00 p.m.

ARCO & ampm 401 Ellingson Rd	$4.45 cash
Chevron 174 Stewart Rd SW	$4.79 cash
7-Eleven 415 Milwaukee Blvd N	~~No New Data~~
Shell 1151 Valentine Ave SE	$4.79 cash
76 406 Ellingson Rd	$4.99 cash

There are no gas stations in Algona.

Metros with most expensive gas in Washington
#1. Seattle-Bellevue-Everett: $4.85
#2. Longview: $4.79
#3. Tacoma: $4.74
#4. Olympia: $4.71
#5. Vancouver: $4.69
#6. Bremerton: $4.67
#7. Bellingham: $4.64
#8. Walla Walla: $4.58
#9. Mount Vernon-Anacortes: $4.57
#10. Wenatchee: $4.55
#11. Yakima: $4.50
#12. Richland-Kennewick-Pasco: $4.37
#13. Spokane: $4.27
#14. Clarkson: $4.12

States with the most expensive gas
#1. California: $5.71
#2. Hawaii: $5.23
#3. Nevada: $5.08

States with the least expensive gas
#1. Kansas: $3.66
#2. Missouri: $3.67
#3. Arkansas: $3.69

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.