Weather One Of Biggest Stories For 2017 Fuel Prices

Mother Nature was one of the biggest impacts on fuel prices in 2017, according to Patrick DeHaan with GasBuddy.com. DeHaan said damage by hurricanes Irma and Harvey forced diesel as well as gas prices higher at the end of the summer, that those prices have not dropped much in the past several month.

“Prices did edge up. 2017 will likely finish as the priciest average for fuel since about 2014. And that’s because oil prices have certainly rebounded as OPEC production cuts have started to show up in diminished supply.”

DeHaan said while fuel prices moved higher in the past 12 months, prices are well below the high water marks of a decade ago. As we look into the New Year, DeHaan said the expectation is oil markets will balance in the coming months, which means higher fuel prices for consumers.

“OPEC cut oil production back in November of 2016 and this past November they reiterated and extended those production cuts. That’s going to mean as we progress in the months ahead that oil supply will likely continue to tighten.”

Here are some of the lowest diesel prices we could find across the Inland Northwest: