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.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Moderate Drinking May Benefit Over-40 Crowd: StudyAdults older than 40 who have one or two alcoholic drinks a day may reduce their risk of heart disease, stroke, and diabetes, according to a global study.
Baca lebih lajut »
There are 40% more tigers in the world than previously estimatedThe number of tigers in the wild has gone up dramatically since 2015 — largely because of improvements in monitoring them, but the species remains endangered.
Baca lebih lajut »
Ask Amy: After 40 years, my husband finally told me why he’s like thisIt explains a lot, but I don’t know if I can stay in the marriage.
Baca lebih lajut »
40 students take on Geneva’s first “Junior Police Academy”The junior police officers have a full week ahead of them experiencing some of the day-to-day activities an officer would
Baca lebih lajut »
A solar-powered Army drone has been flying for 40 days straightThe solar-powered aircraft is designed to operate in the stratosphere. It took off on June 15, and was still up there as of July 25.
Baca lebih lajut »
Girl, 5, Dies From Snake Bite at Property Where 40 Serpents Were Being KeptUnsettled villagers watched as dozens of snakes were removed from a property in Bihar, India.
Baca lebih lajut »