Gas prices falling everywhere but Seattle
Jun 10, 2012, 12:39 PM | Updated: Jun 11, 2012, 5:49 am
Gas prices keep going down in most parts of the country, but in Seattle the lower price of oil hasn't resulted in lower gas prices at the pump. (AP Photo/Toby Talbot, File)
(AP Photo/Toby Talbot, File)
Gas prices keep going down in most parts of the country, but in Seattle the lower price of oil hasn’t yet made a significant change in prices at the pump.
In Seattle many drivers are paying the highest gas prices nationally, around $4.21 per gallon even though the nationwide average for regular gasoline fell 16 cents during the past three weeks.
Likewise, in the last two months the average price of gas dropped more than 30 cents across the nation.
The Lundberg Survey, an independent market research team that publishes reports on gas prices, says that it takes time for the market to bring prices back down.
“There may be a few more cents decline at the pump. That’s because in some markets the refiners and wholesalers haven’t finished passing through the oil price cuts,” says Trilby Lundberg with the Lundberg Survey.
This report comes just days after Senator Maria Cantwell asked the Federal Trade Commission to look into why gas prices are so high in Washington.
Government projections, as well as independent assessments predicted earlier this year that gas prices would start to fall in April. Instead, they have reached near-record highs.
The lowest price reported this week by the Lundberg Survay is $3.18 per gallon in Jackson, Mississipi.
Seattle prices are reported to be the highest in the nation.
Jeanne Lockhart contributed to this report.
