The price is staggering, especially considering the national average of $3.535 a gallon, said AAA.
, gas prices around the country have fallen in the past week, however, Washington has yet to see that drop at the pump.
Lower gas demand and an increase in domestic gasoline stocks have aided in the decrease in price. AAA says if the gas demand continues to drop, prices at the pump will follow. AAA also noted the $5.116 a gallon for gas today is still less than the average one year ago, when gas was averaging $5.459 a gallon.Inslee pointed to the oil and gas profits that he said are the highest of any state.“That has a restrained supply and that has been a significant reason for these recent cost increases,” Inslee said.
The Washington State gas tax includes the state tax of $0.494 plus an oil spill administration tax of $0.04 a barrel , the oil spill response tax of $0.01 a barrel , a hazardous substance tax on petroleum products of $1.20 a barrel , a “Border Zone Area Motor Fuel Tax” of $0.01 a gallon for counties that border Canada, and another tax on petroleum products that is based on the value of the petroleum multiplied by .0015.
“Gasoline supplies are already fairly tight with demand in the U.S. above nine million barrels a day for the fourth week in a row. Factor in the work being done on the Olympic pipeline, and that’s a recipe for rising pump prices in Oregon and Washington,” said Marie Dodds, public affairs director for AAA Oregon/Idaho. “Relatively low crude oil prices in the upper $60s and low $70s are helping to keep pump price hikes from being dramatic this week.
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