Washington gas prices stay high despite Iran deal as automatic tax hike looms
10 Articles
10 Articles
For the first time since April, gasoline prices across the U.S. have fallen below $4 per gallon, but Washington state still boasts some of the highest prices in the nation. According to data from GasBuddy, gasoline prices plummeted after the U.S. and Iran reached a preliminary agreement, including the reopening of the Strait of Hormuz. This week, the average price of regular gasoline nationwide dropped to $3.99 per gallon. However, in Washington…
Washington gas prices stay high despite Iran deal as automatic tax hike looms - The Daily Chronicle
Even as a potential diplomatic breakthrough in the Middle East offers a glimmer of hope for relief at the pump, Washington motorists are bracing for yet another hit to their wallets. Beginning July 1, the state’s gasoline tax will automatically increase by 2%, kicking off a newly enacted annual indexing mechanism designed to permanently tie fuel fees to inflation. The upcoming hike comes at a volatile time for global energy markets, as the Trump…
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