• Gas prices spike following Saudi Arabia attacks

    By: Shelby Miller

    Updated:

    Average gas prices across the country are up 5 cents per gallon following attacks at oil facilities in Saudi Arabia, marking the largest single day price increase in more than two years.

    Analysts at GasBuddy said prices will likely climb 10 to 20 cents overall.

    "We've never seen such a significant and abrupt reduction in global oil production,” said Patrick DeHaan, GasBuddy petroleum analyst.

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    Florists at Elle's Floral Design in Olympia are staying busy, which means delivery drivers are too. They drop off fresh flowers across the South Sound and cover hundreds of miles each week.

    "We go to Rochester sometimes, we're up in DuPont, we're in Shelton, we set up weddings in Chehalis,” said Susan Cook, Elle’s Floral Design office manager.

    The local business is paying for a lot of fuel. When gas prices spike, it hurts their bottom line.

    "We have to pay for the flowers, so if gas gets really crazy, our suppliers are going to charge us more,” said Cook.

    Tuesday’s national average is $2.63 per gallon.

    The rise comes days after oil attacks in Saudi Arabia knocked out half the kingdom's output and caused the biggest oil disruption in history.

    "Hopefully [we don’t] have to pass this devastating situation on to our customers,” said Cook.

    The average price of gas in Washington is $3.18, which is more than a dollar cheaper than when gas prices hit record high in 2008, at $4.33 per gallon.
     

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