Low Oil Prices Keeping Fuel Prices in Check

Fuel prices across the Inland Northwest have held steady over the past couple of weeks.  You can thank oil price, which started the work week trading below $48 a barrel.  Marie Dodds with AAA says the drop in oil prices is surprising when you consider OPEC’s move months ago to cut worldwide production.

“That has been more than offset but additional production in North America, including here in the United State and in Canada.  So, the cutbacks by OPEC have done very little to eat up the vast amount of oil that we have on the global markets.”

Dodds said it’s not sure diesel prices that have benefited. She says gasoline prices have not increased at a typical rate because of those low oil prices.  Here are some of the lowest diesel prices we could find across the Inland Northwest:

• $2.65 a gallon in Pasco
• $2.77 a gallon in Walla Walla
• $2.65 a gallon in Yakima
• $2.69 a gallon in Quincy
• $2.65 a gallon in Wenatchee
• $2.56 a gallon in Pendleton

If you have a story idea for the Washington Ag Network, call (509) 547-1618, or e-mail gvaagen@cherrycreekradio.com