Why gas prices in WA are falling, and where to find the cheapest pumps in Seattle

Weeks after gas prices in Washington state hit a record high, prices are starting to descend, due in part to lower local demand. In the Seattle are...

July 22, 2022
6:36 PM

Weeks after gas prices in Washington state hit a record high, prices are starting to descend, due in part to lower local demand. In the Seattle area, gas prices are down 7% at $5.26 per gallon on July 18 from a peak of $5.65 last month, according to an analysis of federal Energy Information Administration data. AAA attributes this steady decline to a much lower global price for oil and shrinking demand for gas at the domestic pump. Currently, the cost of a barrel is in the mid-$90s, down from about $110 two weeks ago.