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Gas stations in Washington reprogram pumps to prepare for $10-a-gallon fuel as average price soars to $4.57-a-gallon – almost twice the $2.41 during Trump’s final month in office
- A national gas station chain is reprogramming its pumps in Washington state to accommodate the possibility of $10-a-gallon gasoline
- The average price of gasoline across the country reached $4.57 on Wednesday – almost twice the $2.41 average during Trump’s last month in office
- Other stations in the state have begun running out of gas, with a local Facebook group identifying 10 stations that have run out of fuel
- Meanwhile some states – such as California – are reporting spiraling prices of up to $5.98 this week
A national gas station chain is reprogramming its pumps in Washington state to accommodate $10-a-gallon fuel as the nation’s average gasoline price soars to $4.57-a-gallon, almost twice the $2.41 average during Trump’s last month in office.
Other gas stations in the state have begun running out of gas as supplies become crunched, with reports saying at least 10 stations have run dry.
The shortages are mainly effecting regular unleaded and premium gasoline, though diesel supplies are rapidly shrinking too.
Meanwhile some states – such as California – are reporting spiraling prices of up to $5.98 this week.
Russia’s war in Ukraine is having a dramatic impact on the cost of crude oil – which sits at $114.20 a barrel.
Gas prices in the US reached all-time high at $4.48 per gallon national average on Monday
Gas prices have also climbed up. A surge in the price of crude oil is what led to the last period of stagflation in the US in the 1970s
A spokesperson for ’76’ gas stations confirmed that the national chain has begun reconfiguring its pumps to ‘make room’ for the possibility of double-digits prices, Newsmax reported.
The spokesperson for ’76’ did not comment on whether the company is predicting that prices will reach that high $10.00-a-gallon.
The war in Ukraine coupled with rising inflation of 8.3 percent are the main culprits why drivers are spending more than $100 to fill up on full tank of regular unleaded gas in nearly a third of the country.
Gas prices are up by at least 27 per cent from the day before Russia brutally invaded Ukraine earlier this year.
‘Everything is pointing toward even higher prices. We are well on our way toward $5,’ Andy Lipow, president of Lipow Oil Associates, told CNN with prices almost sure to rise higher by Memorial Day, perhaps as high as $4.75 a gallon.
AAA is reporting an average of the average above $5 a gallon in California, Washington, Nevada and Hawaii, with Oregon not far behind.
The average price of gas a year ago was $3.04 a gallon. Prices were recovering from the pandemic when stay-at-home orders and business shutdowns slashed demand for gasoline.