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Gas prices continue decline in South Sound

Post by John Gillie / The News Tribune on Nov. 5, 2012 at 3:04 pm |
November 5, 2012 3:11 pm

Gas prices, which have taken a dive in recent weeks, continued their decline over the weekend in the South Sound.

According to The News Tribune’s Gas Deal Finder, the average price of a gallon of unleaded in the Tacoma area Monday afternoon had fallen to $3.513, less than two cents over the national average. Washington prices typically are significantly over the national average because of higher taxes and a constrained supply.

The average price Monday was 13.5 cents down from a week earlier and nearly 57 cents less than on Oct. 5.

Low price leaders, caught up in a price war, lowered their prices more in the last several days. On Thursday, for instance, the lowest prices in Pierce County were in Bonney Lake where gas was selling for $3.27 a gallon. In that same area and in Lakewood Monday afternoon, eight stations were selling unleaded regular for $3.23 a gallon.

In Olympia, the lowest price was at an APP station on Fones Road where gas was $3.29 a gallon.

In Pierce County, 15 stations were reportedly selling gas for less than $3.30 a gallon Monday afternoon.

The price decline mirrors a national trend that sees prices falling as fall driving declines.

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