Rising gas prices showed no signs of slowing down in Bellingham over the past weekend, according to a report from AAA Washington.
The average price for a gallon of gas in the Bellingham metro area was $4.01 on Monday, Feb. 27, up nine cents from Friday, Feb. 24. It’s also up 24 cents from a week earlier and up 42 cents from a month ago.
Diesel prices in Bellingham also continued its substantial rise, hitting $4.45 a gallon on Monday, up 20 cents from last week.
A variety of factors are leading to the quick rise in prices, said Jennifer Cook of AAA Washington. This is typically the time of year when refiners start switching to a summer blend as well as do some “spring cleaning” and maintenance work. Combine that with the Feb. 17 fire at BP Cherry Point and the global market oil speculation, it has created a situation where prices are rising quickly.
“This sudden rise in Western Washington is tied to specific local problems,” said Cook, who notes that Spokane, which gets its gas from a refinery in Montana, has the least expensive gas in Washington’s major metro areas, averaging $3.44 a gallon.
If nothing else unusual happens, Cook would expect prices to steadily rise until it peaks around June, hitting about $4.50 a gallon in Bellingham.
Bellingham’s gas prices were the highest among Washington’s major metro areas, according to AAA’s Daily Fuel Gauge Report. Olympia had the next highest, at $3.97 a gallon.
The record average high price in Bellingham was set in June 2008, peaking at $4.50 a gallon. Bellingham’s record high for diesel was set in May 2008, hitting $4.98 a gallon.