GasBuddy: Oregon gas prices fall another 25 cents in past week, still $1.29/gallon higher than year ago – KTVZ

Analyst: ‘Seasonality is king in driving costs, not the wishes or hopes of politicians’

CHICAGO (KTVZ) — Common gasoline costs in Oregon have fallen 25.1 cents per gallon within the final week, averaging $5.05/gallon Monday, based on GasBuddy’s survey of 1,307 stations in Oregon.

Nevertheless it stated fuel costs in Oregon are nonetheless 22.4 cents per gallon greater than a month in the past and stand $1.29/g greater than a 12 months in the past. The nationwide common worth of diesel has risen 4.0 cents within the final week and stands at $5.30 per gallon.

In accordance with GasBuddy worth reviews, the most affordable station in Oregon was priced at $3.95/g Sunday whereas the costliest was $5.79/g, a distinction of $1.84/g.

The nationwide common worth of gasoline has fallen 9.3 cents per gallon within the final week, averaging $3.77/g Monday. The nationwide common is up 10.2 cents per gallon from a month in the past and stands 41.2 cents per gallon greater than a 12 months in the past, based on GasBuddy information compiled from greater than 11 million weekly worth reviews masking over 150,000 fuel stations throughout the nation.

Historic gasoline costs in Oregon and the nationwide common going again ten years:
October 24, 2021: $3.76/g (U.S. Common: $3.36/g)
October 24, 2020: $2.48/g (U.S. Common: $2.15/g)
October 24, 2019: $3.33/g (U.S. Common: $2.61/g)
October 24, 2018: $3.34/g (U.S. Common: $2.84/g)
October 24, 2017: $2.71/g (U.S. Common: $2.45/g)
October 24, 2016: $2.54/g (U.S. Common: $2.22/g)
October 24, 2015: $2.32/g (U.S. Common: $2.20/g)
October 24, 2014: $3.26/g (U.S. Common: $3.06/g)
October 24, 2013: $3.46/g (U.S. Common: $3.31/g)
October 24, 2012: $3.94/g (U.S. Common: $3.62/g)

Oregon areas and their present fuel costs:
Eugene- $4.99/g, down 35.3 cents per gallon from final week’s $5.34/g.
Salem- $4.76/g, down 37.4 cents per gallon from final week’s $5.14/g.
Portland- $5.20/g, down 21.4 cents per gallon from final week’s $5.42/g.

“Common fuel costs have declined for the second straight week with vital declines within the West and Nice Lakes having an outsized impact on the drop within the nationwide common,” stated Patrick De Haan, head of petroleum evaluation at GasBuddy.

“With oil costs struggling a bit after reaching $93 after OPEC+’s determination to chop manufacturing, many areas may see falling fuel costs once more this week as demand continues to say no seasonally, particularly if extra information factors to a major financial slowdown.

“Whereas gasoline costs have seen a big drop, diesel costs have been considerably combined, with costs heading greater within the Northeast as inventories drop to extraordinarily tight ranges forward of the heating oil season. Motorists are reminded that the decline in gasoline costs is seasonal and may proceed into the autumn, and is unrelated to the approaching election. Seasonality is king in driving costs, not the wishes or hopes of politicians.”

GasBuddy is the authoritative voice for fuel costs and the one supply for station-level information. GasBuddy’s survey updates 288 occasions every single day from probably the most various checklist of sources masking practically 150,000 stations nationwide, probably the most complete and up-to-date within the nation. GasBuddy information is accessible at http://costs.GasBuddy.com.

GasBuddy additionally fuels KTVZ.COM’s Pump Patrol, the place you’ll find the most affordable fuel costs on the Excessive Desert.