Originally published November 12, 2008 at 12:00 AM | Page modified November 12, 2008 at 9:45 AM
Comments (12)
E-mail article
Print view
State gas prices lowest since February 2006
Gasoline prices in Seattle and the state as a whole have dropped dramatically in recent weeks. The average price for a gallon of unleaded self-service gas in the Seattle-Bellevue-Everett area is $2.40 a gallon, a nickel drop in just a week and nearly $2 lower than the record high of $4.35 a gallon in July. The statewide average is even lower, at $2.35 a gallon.
Seattle Times staff reporters
Gas prices
The national average price for a gallon of regular gasoline Tuesday was $2.220, according to AAA. States with the most and least expensive prices:
| Most expensive | ||
| 1. | Alaska | $3.361 |
| 2. | Hawaii | $3.134 |
| 3. | New York | $2.609 |
| 4. | Vermont | $2.542 |
| 5. | California | $2.522 |
| 14. | Washington | $2.355 |
| Least expensive | ||
| 50. | Missouri | $1.915 |
| 49. | Oklahoma | $1.956 |
| 48. | Ohio | $1.962 |
| 47. | Indiana | $1.988 |
| 46. | Kentucky | $2.010 |
Source: AAA
With the struggling economy and a sharp decline in crude-oil prices, gasoline prices in Washington state have fallen dramatically to a low not seen since February 2006.
The average price for a gallon of unleaded self-service gas in the Seattle-Bellevue-Everett area is $2.40 a gallon, a nickel drop in just a week and nearly $2 lower than the record high of $4.35 a gallon in July.
The statewide average is even lower, at $2.35 a gallon. The average in the Spokane area is $2.15, said Janet Ray, spokeswoman for AAA Washington.
"A month ago, gas was $3.49 a gallon," she said.
Gas prices haven't been this low in the state since the end of February 2006, when a gallon cost you $2.35.
There have even been reports that gas was selling for less than $2 at some stations in the Seattle area.
The falling prices have brought a bit of relief — but not enough for Michelle Valeriano, of Lynnwood, to change her newfound frugal ways. She's still buying chicken and ground beef instead of steak, and she and her boyfriend are still car-pooling and taking public transportation whenever possible.
"We used to pay close to $50 every time we pumped our gas. Now, it's $28 to $30 for a full tank, so it's helped tremendously," said the 27-year-old Microsoft employee as she filled up her 2003 Honda Civic at a University District Shell station on Tuesday afternoon.
"But I'd rather err on the side of caution. With the gas prices, there's no security and we don't know if it's going to go up or not. Even though we're saving a bit now, we can use that money for other necessities."
Glen Henderson, a corrections officer, and his wife, Gloria, a teacher, made a rare trip into Seattle to visit the Seattle Art Museum on Tuesday — their first journey into the city from their Marysville home in three months.
"Normally we don't go down I-5 if we don't have to," Glen Henderson said from the 76 Station at Broadway and Roy Street on Seattle's Capitol Hill. But gas prices "are a little more in our comfort zone now that we're not paying a hundred bucks a week between the two cars," he said.
Still, Henderson pumped only $20 worth of gas into his wife's 2005 Nissan Murano before the return trip north, where gas is even cheaper.
"It's about 30 cents a gallon cheaper" in Marysville, he said. "With a 30-cents-a-gallon difference, I'm not going to top off here — I'll do that when we get home."
When gas prices spiked up past $4 a few months ago, bartender Jessie Smith said patrons couldn't stop griping. Interestingly enough, he said, the rapid drop hasn't been a topic of conversation around the bar at Our Place, a Capitol Hill watering hole.
"I'm sure everybody is happy about it," even if they're not talking about the recent drop in the price at the pump, said Smith, 27, of Seattle. Even though his 1989 Oldsmobile Toronado costs a small fortune to fill and only gets about 17 miles to the gallon, "I can't complain," he said. "I got the car for free."
The prices have dropped because the struggling economy has sharply lowered the world's reliance on oil, Ray said.
In fact, worldwide oil prices have dropped 60 percent from the record $147 a barrel in July.
According to Bloomberg News, crude oil fell below $59 a barrel Tuesday for the first time since March 2007, hurt by speculation the International Energy Agency will cut its 2009 forecast for demand because of slowing economic growth.
"Everyone was buying gas when the economy was booming," Ray said. "With the worldwide economy having problems, the demand is significantly less.
"This shows that all parts of the economy have been on a roller coaster," she said. "Part of what pushed up the prices was the robust economy and the demand for fuel."
Nationally, retail gasoline prices dipped for a 17th week since July 4, falling below $2 a gallon in a number of states and approaching $1.50 at some service stations.
The national average for a gallon of gas Tuesday was $2.22, dragged down by the falling price of crude, according to AAA. The average price could be headed to $2 a gallon nationally by year's end, AAA has said.
You may have noticed that gasoline prices in Eastern Washington are often lower than in the Seattle area, and that's because Eastern Washington can buy its gas from refineries in Utah and Alberta, which could have lower prices than the Seattle area, which gets its gas from refineries in Western Washington.
With the high price of gasoline over the past two years, people drove less, according to the U.S. Department of Transportation.
In August, for example, Americans drove 15 billion fewer miles, or 5.6 percent less, than they did in August 2007 — the largest ever year-to-year decline recorded in a single month, according to the federal Transportation Department.
Over the past 10 months, Americans drove 78 billion fewer miles than they did in the same 10 months the previous year.
Transit ridership, meanwhile, saw an increase of 6.2 percent this summer compared with last summer.
Seattle is among the nation's fastest-growing transit markets. Metro alone provides about 400,000 trips per weekday, up 7 percent from a year ago.
Information from The Associated Press is included in this report.
Susan Gilmore: 206-464-2054 or sgilmore@seattletimes.com; Sara Jean Green: 206-515-5654 or sgreen@seattletimes.com.
Copyright © 2008 The Seattle Times Company
Property taxes: Appeals shoot up is King, Snohomish Counties
Hard times for tourist towns means good deals for travelers
Landmark Smith Tower mostly vacant
Tukwila residents rally against light-rail noise
Seattle safety project: A snake shelter on Beacon Hill

Tribal Fireworks Rivalry
The Fourth of July marks a long-standing fireworks rivalry between two clans of a Native-American family in Suquamish.
Entertainment | Top Video | World | Offbeat Video | Sci-Tech
nwjobs

Post a comment

Michelle Goodman blogs about work/life balance.
Tax tips for new independent professionals
Post a comment
nwautos

Choosing a new SUV? Weigh the impact your choice will have on your wallet and on the planet.
Post a comment
nwhomes

Find a new home or condo that fits your lifestyle.
Search New Developments
Builder Directory
- Plasma and LCD beware; OLED screens ready to go mainstream
- Palin takes to Web for hints of political future
- Fourth of July festivals and fireworks in Seattle, the suburbs and beyond
- The Blotter | Man pistol-whipped after argument at nightclub
- Russell Branyan, Mariners fight off the Red Sox
- Former NFL MVP McNair killed
- Desert-lobster dispute turns pair into sagebrush heroes
- Close-up | Prison guards intercept carrier pigeon with a cellphone
- Woman accuses Sounders FC player Nate Jaqua of sexual assault, seeks more than $10 million
- Rob Johnson's double in 11th powers Mariners past Red Sox, 7-6
- Palin resigning as Alaska governor
755 - Seattle Mariners at Boston Red Sox: 07/04 game thread
244 - Reports: NKorean missile arrives at launch site
100 - Woman accuses Sounders FC player Nate Jaqua of sexual assault, seeks more than $10 million
99 - Palin's Declaration of Independence
73 - Hatred for the NBA runs deep, but don't take it out on the players
59 - Mariners score unlikely win over Red Sox in battle of bullpens
58 - Former NFL MVP McNair killed
51 - Man pistol-whipped after argument at nightclub
41 - Plasma and LED beware; OLED screens ready to go mainstream
27
- Plasma and LCD beware; OLED screens ready to go mainstream
- Merchant Marine veterans fight for recognition
- Close-up | Prison guards intercept carrier pigeon with a cellphone
- Concert Review | Green Day blasts off 4th weekend with KeyArena show
- Lake Washington's sockeye run may hit a record low
- Pre-grill drill: marinate steaks
- Yakima teacher reprimanded for sending 5-year-old student home with bag of feces in backpack
- Art and conversation flow from hands and heart of artist Mandy Greer
- Amtrak cleared for 2nd daily train to Vancouver, B.C.
- Fire danger already here in parched NW forests










