Oil prices climbed past 80 dollars a barrel after the U.S. resumed strikes on Iran, but diesel prices in Washington, Oregon, and Idaho actually dipped slightly at the pump.
Diesel prices dropped across Washington, Oregon, and Idaho this week, but refinery disruptions tied to the war in Ukraine are keeping fuel costs from falling as fast as oil prices.
Despite recent military strikes near the Strait of Hormuz causing slight oil price fluctuations, gas prices are steadily dropping in Washington and nearby states this week.
Cautious optimism; that’s the feeling for many oil investors after the United States and Iran announced a tentative peace deal, which helped prices drop to start the week.
There is hope on the international scene that the United States and Iran may finally have a peace deal. That pushed oil prices lower to start this holiday week.
While oil prices move higher, prices at the pump slipped marginally this week for both gasoline and diesel. However, Patrick DeHaan with Gasbuddy.com says don't get used to this trend.