MOSES LAKE — It may be the welcome Christmas surprise this season is steeply falling gasoline prices, which have fallen more than $1.30 per gallon in the last six months and look to fall even more, according to Patrick DeHaan, the head of petroleum analysis at Gas Buddy.
“It could fall another 50 cents per gallon if nothing changes,” DeHaan said.
According to Gas Buddy’s Fuel Insights website, which tracks gasoline prices nationwide, gasoline prices in Washington averaged $4.13 per gallon of regular unleaded on Wednesday, down 61 cents from the first week of November and 21 cents from the previous week, and well off the high of $5.49 per gallon reported by the U.S. Energy Information Agency on June 20, 2022.
Fuel Insights reports the national average price for regular unleaded gasoline on Wednesday at $3.30 per gallon, though gasoline prices have dropped below $3 in a handful of states including Texas, Oklahoma, Louisiana and Wisconsin.
In a blog posting at gasbuddy.com, DeHaan wrote that national average gasoline prices could fall below $3 per gallon by Christmas, and prices for diesel fuel have finally dropped below $5 per gallon, though supplies of diesel remain tighter than supplies of gasoline.