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Thread: Wa State - High gas prices hurt local economy

  1. #1
    Join Date
    Nov 2007
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    Arrow Wa State - High gas prices hurt local economy

    At a South Lake Union Shell station with regular unleaded going for $4.45 a gallon, Fern Romeo stopped to fill her tank with just enough of the nation's most expensive gas to visit her friend in West Seattle.

    "I've just been filling up little by little because I keep thinking I'll find cheaper gas somewhere else — but then I never do!" Romeo said.

    For more than a week, Washington has had the most expensive gas in the contiguous 48 states, with state prices averaging $4.21 a gallon and Seattle metro area averaging $4.27 as of Friday morning, according to the AAA.

    Prices have been unusually high in the state for the past four months but peaked to near-record levels at the end of May — all while the average national gas price dropped 20 cents in the past month.

    Gas prices are gradually going down, though. Now that the Cherry Point refinery in Blaine, Whatcom County, is back from being shut down for more than three months, many think there's reason to believe the trend will continue.

    "There's good news in all of this," said Tim Hamilton, executive director of the Automotive United Trades Organization, a nonprofit that represents gas-station owners. "We're primed for a huge rollback, provided oil companies pass forward prices to dealers. But they will be reluctant to do so."

    Meanwhile, Sen. Maria Cantwell is calling for an investigation into whether oil companies illegally manipulated the market to increase prices and profits.

    She asked the Federal Trade Commission last week to see if multiple refineries reduced operations to purposely drive down fuel inventories to their lowest levels since 1992.

    In addition to the immediate sticker shock individual drivers experience, high gas prices have created other problems for the local economy: More money is going to out-of-state companies, gas-tax revenues that fund the state's transportation projects are further declining, and some businesses are dealing with tighter budgets.

    Most of the money spent on gas goes to out-of-state oil and credit companies while gas-station owners are averaging a profit of 17 cents a gallon right now, Hamilton said.

    A little bit more money stays in state in the form of a 0.375-cents-per-gallon fuel tax that funds maintenance of highways, bridges, ferries and other transportation projects. Revenue has been dwindling so much as people drive less and buy more fuel-efficient vehicles that Republican gubernatorial candidate Rob McKenna already has said he thinks voters need to pass another tax package to support the state's transportation needs.

    Tourists are flooding into Seattle this time of year just as before, though, and not even rental-car companies are feeling a hit.

    More: http://seattletimes.nwsource.com/htm...prices11m.html

  2. #2
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  3. #3
    Join Date
    Mar 2012
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    Region 6
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    Default

    We have a low of $2.95 and a high of $3.59

    If you are reading this. You are the resistance.

  4. #4
    Scarlet Wren Guest

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    $3.65 to $3.85 .... here where you only make $ 7.25 an hour. I know, Obama said he's considering raising the wage but then gas will be over $5.00 a gallon. How sick and wrong is this?

  5. #5
    Join Date
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    Region 6
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    Quote Originally Posted by Scarlet Wren View Post
    $3.65 to $3.85 .... here where you only make $ 7.25 an hour. I know, Obama said he's considering raising the wage but then gas will be over $5.00 a gallon. How sick and wrong is this?
    $10 an hour is considered a "good wage" here. They raise minimum wage to $10 an hour and everyone here making a "good wage" will be making "Minimum wage" with the stroke of a pen.

    If you are reading this. You are the resistance.

  6. #6
    Join Date
    Oct 2011
    Posts
    67

    Default

    Gas in our town is currently $4.49. Prices usually go up for the summer, so am not sure if we've hit the top yet or not.

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