One Washington gas station reprogrammed pumps for $10 per gallon, but it’s not for the reason you think

Gas prices remain near all-time highs, but in Washington state at least one gas station is reprogramming its pumps to handle prices of $10 a gallon and up.
A 76 gas station in Auburn, Wash. has adjusted its pumps to accommodate double-digit per-gallon prices. However, despite some alarming reports, it's not because they expect the price of a standard gallon unleaded to reach that level.
In addition to the usual regular, premium, and diesel offerings, the independently owned gas station also sells a 100-octane race gas that it sells to hobbyists who bring their highly tuned cars and bikes to a nearby racetrack.
Typically, the price per gallon for this fuel is in the $8 to $9 range, Operations Manager Jeff Small tells Fortune. However, as prices for all gas products have increased, they are now approaching $10, prompting a reprogramming.
While race fuel is delivered by a different pump than traditional car fuel, the system requires all pumps to be reprogrammed, he says.
Ironically, this change actually results in slightly cheaper gas for customers. Gas stations typically increase prices by 9/10 cents, but the Auburn gas station eliminated this after reprogramming the pumps to $10.
"We're losing the 9/10 cents that stations normally charge because we had to move the decimal," says Small. (Enough customers buy the race fuel that the gas station makes all the difference, he said.)
Gas prices have been rising steadily, but not even the most pessimistic forecasters have predicted a price of $10 a gallon.
AAA reports that the current average price per gallon in the US is nearly $4.59. Prices in California continue to rise, with the average there now being $6.06 per gallon. (Washingtonians currently pay an average of $5.18.)
JPMorgan said in a recent report to investors there is a real risk that $6 a gallon could be the national average by August. This follows a similar warning in March from a veteran US diplomat who spent 30 years as an American diplomat in Washington, Bahrain, Saudi Arabia, Syria, Tunisia and the United Arab Emirates.
But not everyone expects prices to continue to rise. The US Energy Information Administration last week forecast the national average to fall to $3.59 a gallon in the final quarter of the year.
This story was originally featured on

Last News

University of Michigan gives nearly $2 million to group attempting to 'dismantle systemic racism'

Warren Buffett wants his entire $96 billion fortune spent within 10 years of his death. Every kid on the planet might get a cut

Supreme Court rules for inmates seeking reduced prison terms

Kate Middleton Is Reportedly Trying To Have Prince Harry Attend This Upcoming Royal Family Event

We are Muslims and Jews. We needed the Supreme Court to side with coach's Christian prayer.

US basketball star Griner appears in Russian court