SPOKANE, Wash — Gas prices in Spokane took a noticeable dip over the weekend.
According to GasBuddy, gas prices in Spokane have fallen 12.8 cents in the last week, averaging $5.14/g.
This puts prices 17.2 cents lower than one month ago, but still $1.33 higher than a year ago.
There is also a large range to what stations are charging in our area. GasBuddy says their research showed a 70-cent gap between the cheapest gas ($4.85/g) in town and the most expensive ($5.55/g).
In Coeur d’Alene, gas prices are also slightly down this week. Drivers can expect to pay $4.37/g on average, according to AAA.
That is about 13 cents lower than last week’s prices.
“Average gasoline prices declined in virtually every state over the last week as oil prices continued to fall, with crude approaching $90 per barrel and refiners ramping up output following seasonal maintenance,” said Patrick De Haan, head of petroleum analysis at GasBuddy.
“The combination of lower oil costs and improving refinery runs has kept downward pressure on pump prices, giving motorists a welcome reprieve. However, the future of prices remains murky. With the Strait of Hormuz remaining effectively closed, global oil supplies continue to tighten, and any further deterioration in the situation could send prices sharply higher. For now, motorists may enjoy the savings at the pump, but the risk of a significant reversal has not gone away.”
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