Decline in gas prices a big help for Yakima farmers
YAKIMA, Wash.--The price for a gallon of gas has seen a steady drop over the last 7 weeks, falling about $0.38 to an average of $3.60 per gallon around the United States.
Economists say that the drop is a result of weaker demand for oil and gas as well as this week's decision by the U.S. and others to release 60 million barrels of reserve oil to the public.
For farmers around the Yakima Valley who use heavy equipment in their daily work, this has and will continue to be big help. Not only will it keep their overhead costs down, but they'll also be able to pass the savings along to the consumer.
"We've actually been able to go down in prices so its been helping out the market as well," said Celeste Ramos of Ramos Garden. "People have been wanting to come down to the market more, we've been selling a lot more so it's helping a lot."
Another $.25 drop in prices is expected to continue through mid-July.
Economists say that it will only help consumers, making them more able to spend in other area's of their lives. Just in time for those summer road trips.