Oregon Average Gasoline Price Still Declining as National Average Continues Climb

Oregon Average Gasoline Price Still Declining as National Average Continues Climb

Salem-News.com

(SALEM) - During the past week, the national average price for a gallon of regular gasoline increased by almost 8 cents to $2.93—the highest since mid-May. Oregon's statewide average, however, continued its downward trend, dropping to $2.96. Salem continues to have the state’s cheapest gas prices, with a gallon of regular selling for $2.89.

Crude oil currently is trading at more than $70 per barrel, largely in response to recent global developments. Geopolitical issues to keep an eye on include North Korea's testing of long-range missiles; Iran's reaction to economic incentives proposed by Western industrial powers in exchange for that country suspending its nuclear program; the unresolved presidential election in Mexico, the 2nd largest exporter of oil to the United States; and Israel's threat to invade Palestinian territory.

"In addition, two major refineries—one in Texas, the other in Pennsylvania—experienced problems and briefly shutdown, and a primary shipping channel in the Mississippi River was closed temporarily," said AAA Oregon Public Affairs Director Elliott Eki. "Those situations did not cause any long-term supply problems, but they did push gasoline prices a bit higher."

Portland’s current average is $2.90 a gallon for regular, Eugene/Springfield drivers are paying $2.95, while the Medford/Ashland carries the highest price tag of $3.00 per gallon. Vancouver, Wash. Residents are paying $2.92 for self serve regular. Nationwide, the average gasoline price now exceeds $3 per gallon in 11 states and the District of Columbia. At $2.96, Oregon’s average gasoline price drops to 18th highest in the nation. Hawaii has the highest statewide average price at $3.37. California’s went up to $3.21; Nevada’s rose to $3.01; Washington’s remained at $3.05, and Idaho’s dipped to $2.90. South Carolina has the lowest statewide average price at $2.73, 10-cents higher than a week ago. The national average diesel price rose to $2.97 per gallon. In California, diesel averages $3.27 per gallon; in Washington, it’s up to $3.08; in Idaho, it's down to $3.05; in Nevada, it's $3.06; and, in Oregon, it held steady at $3.04.