SPOKANE, Wash — The average price for regular gasoline in Spokane is up 22.3 cents this week, according to Gas Buddy.
The average price in Spokane is now $4.03/g.
This is 35.5 cents per gallon higher than one month ago but 17.4 cents lower than one year ago.
The average price of diesel has increased by 3.6 cents to $3.59/g.
The national average of gas has also risen 10.6 cents per gallon to $3.21/g.
In Idaho, the average gas price is up 2 cents from last week at $3.33/g.
“While the national average price of gasoline saw its largest weekly gain of the year, it likely won’t last long, as oil prices have plummeted amid growing concerns about the global economy following the U.S. announcement of some of the most significant tariffs in over a century, along with OPEC+ restoring oil production faster than anticipated,” said Patrick De Haan, head of petroleum analysis at GasBuddy.
“In addition to falling oil prices, the stock market has dropped sharply, and the risk of a recession has increased— raising the likelihood of reduced global energy and oil demand, which is sending prices lower. As a result, motorists can expect gas prices to begin falling nearly coast-to-coast, with oil now at its lowest level since the early days of the pandemic in 2021. If tariffs aren’t scaled back soon, the national average could fall below $3 per gallon in the weeks ahead, with no clear indication of how long it might stay there as market volatility persists.”
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