Local gas prices dropped last week

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Average retail gasoline prices in Tacoma fell 3.1 cents per gallon last week, averaging $2.91 per gallon, according to GasBuddy’s daily survey of 271 gas outlets in Tacoma. This compares with the national average that has fallen 3.3 cents per gallon in the last week to $2.41 per gallon.

Including the change in gas prices in Tacoma during the past week, prices were 33.6 cents per gallon higher than the same day one year ago and are 9.3 cents per gallon lower than a month ago. The national average has decreased 12.9 cents per gallon during the last month and stands 17.3 cents per gallon higher than this day one year ago.

“As we approach Christmas, average gas prices in the U.S. have fallen to their lowest point in 110 days, just as Hurricane Harvey began causing prices to spike, not exactly the Christmas gift some hoped for, but it’s about time nonetheless,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “As long as demand for gasoline continues to weaken, gasoline inventories will continue growing and it’ll be the gift that keeps on giving. In addition, the gap between prices today and a year ago is also at its narrowest in months, highlighting that prices are moving in the right direction for many. As we look towards our annual Fuel Outlook being released just after the New Year, there are some bright spots along with some concerns that lay ahead for 2018.”

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