Some good news: Gas prices have been falling for about 40 days in a row. Overall, gas in Washington state is down 43 cents from the record high set on June 16, putting the current average for a gallon of regular unleaded gas at $5.12.
Drivers will notice disparities across gas stations depending on where you’re filling up. In Seattle, Bellevue and Everett, the average is $5.31, while it’s $5.02 in Tacoma. The lowest gas average in western Washington is in Mount Vernon-Anacortes, where the average is $4.82, down a whopping 67 cents from the high of $5.49.
During peak prices, the difference in average highs between Seattle and Mount Vernon was only 20 cents, but it’s currently a difference of 50 cents. Experts say those bigger disparities in prices across gas stations show some retailers are reluctant to adjust prices lower. Jeff Shulman, a professor at the University of Washington’s Foster School of Businesses, says prices are typically slow to fall.
“In general, it’s really hard to raise prices because consumers notices prices rising. Once you’ve raised prices successfully, you don’t want to drop them because you’ve maintained that same profit,” Shulman said.
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