Kitsap Business and Economy

Daily updates on the local economy, the latest reports and trends that affect us, stories, events and columns. Join the conversation with Kitsap Sun reporter Rachel Pritchett.
Subscribe to RSS

Pre-holiday weekend gas prices continue slipping from peak in Kitsap

May 26th, 2011 by Rachel Pritchett

A gallon of unleaded today in Kitsap County is going for $3.96, down a penny from Tuesday and down six cents from a week ago, says the AAA. Here’s a portion of a national Associated Press story on gas prices. Rachel Pritchett

Drivers getting an early start on the Memorial Day weekend are pulling out of gas stations with a little more cash in their pockets.
The national average for unleaded regular gasoline was $3.81 a gallon on Thursday. That’s 9 cents less than it was a week ago, according to AAA, Wright Express and the Oil Price Information Service.
Most stations across the country are charging even less — about $3.70 a gallon. That’s down 10 cents from Wednesday, according to Fred Rozell, retail pricing director for the OPIS.
Consumers in California, Washington, Illinois and five other states are paying the highest prices in a range between $3.91 and $4.28 a gallon. The cheapest prices — between $3.57 and $3.69 a gallon, can be found in Wyoming, Arizona, parts of the Midwest and the South.
Pump prices are expected to drift lower through the holiday weekend, reflecting lower oil prices, which are down about 12 percent since the beginning of May.
“There’s a lot of room between what the retailers are charging and wholesale prices so we should see that continue to creep down,” Rozell said.
AAA predicts nearly 35 million Americans will travel 50 miles or more from home this Memorial Day weekend, a slight increase from 2010. They are expected to spend less on things like hotel rooms and restaurants because of higher gas prices. Pump prices are the highest they’ve been since August, 2008.

Email This Post Email This Post

Leave a Reply

Before you post, please complete the prompt below.

Please enter the word MILK here: