Fuel Prices Continue To Move Higher

Typically fuel prices start to move lowers as we move into the holidays. However, 2017 has turned out to be anything but a typical year. Patrick DeHaan with Gasbuddy.com said gasoline prices, which typically drop this time of year, have move higher. And gas isn’t alone.

“Diesel inventories are 15.5% lower than where they were last year. The problem has been refining. Of course a lot of damage done by Harvey. We lost several weeks of refining gasoline and diesel, that’s likely behind the drop in inventory.”

In addition, oil prices have moved higher, to $57 a barrel, the high water mark for 2017. And with On going tensions internationally and OPEC meeting later this month to discuss production decreases, DeHaan does not expect prices to turn around anytime soon.

“For the foreseeable future, there is more upward pressure on oil that I see than downward pressure.”

As far as diesel prices are concerned. The national average increased four cents to $2.82, while Washington’s average increased five cents to $3.17 a gallon, and Oregon’s price increased five cents a gallon to $2.99.

As far as local lows are concerned: