Gas prices are decreasing nationally, nearing $3 per gallon for the first time in four years due to lower demand and cheaper oil. However, Seattle drivers are experiencing significantly higher prices compared to the national average. The average gallon of gas in Washington state is $4.388, with Seattle area prices even higher, reaching $4.732 in King County. This means Seattleites are paying up to 53% more than the national norm. Washington's high fuel taxes and climate-related fees contribute significantly to the elevated prices. Seattle's distance from oil production, limited refineries, and reliance on tanker deliveries add to the cost. Furthermore, the region's high cost of doing business, including labor and real estate, impacts gas prices. These structural factors keep Seattle gas prices among the highest in the country. The gap between national and state averages has widened significantly compared to the previous year. Therefore, Seattle drivers continue to face significant costs at the pump despite national trends.
zerohedge.com
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