With oil prices surging due to disruptions in the Middle East, Washington drivers face potential gas hikes to $4.70 per gallon as vessel traffic drops 70%.
SEATTLE — Benchmark crude oil prices spiked Sunday afternoon, raising concerns that drivers in Washington could soon see higher prices at the pump as global supply fears ripple through the energy market. Analytics company FactSet reported that a barrel of international standard crude oil is now 7.8% more expensive than it was on Friday, and economists say the increase could quickly hit consumers.
Kenneth Gillingham, a renowned researcher and consumer energy professor at Yale University, said, “gasoline prices will
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