What Is Special About Costco Diesel Fuel?.“Unfortunately, this is becoming a pattern - the administration talks about the need for more supply and acts to restrict it,″ said Frank Macchiarola, senior vice president of the American Petroleum Institute, the top lobbying group for the oil and gas industry. The decision likely means the Biden administration will not hold a lease sale for offshore drilling this year and comes as Interior appears set to let a mandatory five-year plan for offshore drilling expire next month. The Interior Department announced the decision last Wednesday night, citing a lack of industry interest in drilling off the Alaska coast and “conflicting court rulings” that have complicated drilling efforts in the Gulf of Mexico, where the bulk of US offshore drilling takes place. Last week, the Biden administration announced that it was canceling three oil and gas lease sales scheduled in the Gulf of Mexico and off the coast of Alaska - removing millions of acres from possible drilling. The oil and gas industry has criticized the Biden administration for its policies that they say have kept supply limited. The only three states that had been below $4 a gallon as of Monday - Georgia, Kansas and Oklahoma - crossed the threshold on Tuesday, AAA reported. The average price of a gallon of gas in Washington state has exceeded $5, according to AAA. US crude was trading at $112.31 per barrel while Brent crude, the international standard, was trading at $112.89 per barrel, according to the US Energy Information Administration. Limited supply exacerbated by the Russian invasion of Ukraine, coupled with what is expected to be sky-high demand as Americans take to the roads this summer for travel, will likely push gas prices even higher, analysts warn. The most expensive gas in the nation could be found in California, where motorists in and around San Francisco pay more than $6 a gallon. The average price of a gallon of gas in Washington state is $5.18 - well above the national average of $4.59 as of Thursday, according to AAA. On Facebook, local residents are reporting more than 10 gas stations that are out of fuel. Motorists who drive up to gas pumps in Kennewick, Pasco and West Richland are met with notes indicating that the station does not have any fuel to sell - except diesel.

Washingtonians are also having to contend with gas stations that are running out of fuel.Ĭalifornia’s $6 gas prices may spread nationwide, analysts warn Bloomberg via Getty Images Motorists in the Evergreen State are also reporting that some gas stations have run out of fuel. Gas stations in Washington state have adjusted their pumps to display double-digit gas prices, according to a report. Race fuel costs more due to the high-octane, premium fuel that is required to enable the engine to have a higher compression ratio, giving it a more energetic explosion and improving the performance of turbocharger and supercharger engines.

The station in Auburn also sells race fuel, which is more expensive than the fuel that is used by ordinary citizens.

The displays were limited to single digits as recently as March, but the surging price of gas has led to the change.Ī 76 spokesperson told the Post Millennial that the change did not necessarily mean the company was predicting gas prices would reach $10 a gallon. The move comes as several gas stations in the Evergreen State ran out of fuel, the Post Millennial reported.Īt the 76 gas station in Auburn, about 30 miles south of Seattle, gas pumps were reprogrammed so the display could indicate a price of at least $10 a gallon. Gas stations in Washington state are resetting their price boards to accommodate double digits in preparation for fuel prices potentially reaching $10 a gallon, according to a report. Tech CEO ‘praying for inflation’ because it’s good for business: reportīiden warns energy giants against gas price hikes as Hurricane Ian slams Floridaīiden demands gas stations slash prices: ‘Do it now’Īmericans have lost $4.2K in income under Biden, says study

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