It’s been a relatively turbulent time for oil prices, with the price of West Texas Crude dropping 5% Friday, and then moving up more than 2% in Monday’s action. Why the volatility?
OPEC and its allies might discuss and even agree to deepen their production cuts to re-balance prices. Monday, WTI was trading around $56 a barrel. OPEC leaders will meet in Vienna later this week, where the idea of a production cut may be discussed to stave off a glut of oil on the market into 2020.
The recent news has not impacted diesel prices, with the national average unchanged in the past week at $3.00 a gallon, Washington’s diesel price dropped three cents to $3.50, Oregon’s diesel price dropped three cents as well to $3.41 a gallon, while Idaho’s average only dropped a penny to $3.44 a gallon.
As far as the local diesel prices are concerned:
- $3.29 a gallon in the Tri-Cities
- $3.25 a gallon in Wenatchee
- $3.35 a gallon in Pullman/Moscow
- $3.19 a gallon in Lewiston/Clarkson
- $3.19 a gallon in Quincy
- $3.29 a gallon in Moses Lake
- $3.35 a gallon in Pendleton
- $3.55 a gallon in Walla Walla
- $2.99 a gallon in Yakima
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