Gas at record high, over $2 a gallon

Published on Thu, Aug 28, 2003
Read More News

Gas at record high, over $2 a gallon

The average price of self-serve regular unleaded gasoline in Washington state has set a new record high, according to the American Automobile Association (AAA).

Washington�s record high price per gallon was recorded as $1.863 on March 18, 2003. But now five months later, the cost per gallon has increased more than 25 cents.

Locally, the price of unleaded gas is currently around $2 per gallon � Tesoro on H Street is at $1.97 per gallon, meanwhile the Chevron directly next door is at $2.03 per gallon.

Across the state line, in Idaho, the average price of self-serve regular unleaded gasoline is $1.736, up 13 cents in the past month and nearing the record high of $1.753 per gallon set on March 20, 2003. The national average for self-serve regular unleaded gasoline is $1.648 per gallon, up 12 cents from one month ago. The highest recorded national average gas price is $1.722, recorded on March 18, 2003.

According to AAA, the rising gas prices are a result of high demand and low supply. Several factors, including a pipeline disruption in Arizona and refinery outages in California have affected the supply, however the recent blackout in the northeast did not.

AAA also stated the rise in gas prices won�t be keeping American travelers home this holiday. Labor Day weekend travel is expected to reach its highest level in nine years � AAA estimates that 33.4 million Americans will travel 50 miles or more from home this holiday. Approximately 28.2 million travelers are expected to go by motor vehicle, and 3.7 million by airplane.

Last year at this time, the price of self-serve unleaded gas was $1.44 a gallon. In Oslo, Norway, unleaded gas currently sells for $4.89 a gallon, about 250 percent higher than the northwest.