Most states, including Oregon, are seeing fairly stable prices at the pumps. Crude oil prices remaining below $70 per barrel have helped prevent major swings in gas prices this summer. The national average for regular for the week slips one cent to $3.14 a gallon; the Oregon average dips two cents to $3.97 a gallon.
“It’s been a quiet summer at the pumps so far and this trend should continue in the short term, as long as crude oil prices remain below $70 per barrel. Factors that could push pump prices higher include hurricanes that impact drilling and refining, geo-political events, economic news, or a disruption in supplies,” says Marie Dodds, public affairs director for AAA Oregon/Idaho.
The average for regular gas in Oregon began 2025 at $3.45 a gallon and is currently at $3.97. The highest price of the year so far is $4.076 on June 24 and 25. The lowest price of the year so far is just under $3.45 a gallon on Jan. 2.
The national average began the year at $3.06 a gallon and is currently at $3.14. The highest price of the year so far is $3.268 on April 4. The lowest price of the year so far is $3.06 on Jan. 5.
Meanwhile, crude oil production in the U.S. remains near record highs. According to the U.S. Energy Information Administration, crude production in this country ticked down from 13.38 to 13.27 million barrels per day for the week ending July 18. The record high is 13.63 million barrels per day for the week of Dec. 6. Production has been at 13.5 million barrels per day many times since October. The U.S. has been the top producer of crude oil in the world since 2018 and has been increasing its oil production since about 2009.
Crude oil prices fell on Friday, closing at a three-week low as markets digested some negative economic news out of the U.S. and China. Crude prices rebounded to start this week after the U.S. and European Union reached a trade agreement that helped ease concerns about tariffs.
Oregon is one of 38 states and the District of Columbia with lower prices now than a week ago. Indiana (-8 cents) has the biggest week-over-week decline in the nation. Ohio (+5 cents) has the largest week-over-week increase. Most states have small changes in pump prices this week, with 47 states and the District of Columbia seeing their averages change by a nickel or less.
After 23 weeks, Hawaii ($4.48) bumps California ($4.47) as the state with the most expensive gas in the nation. Washington ($4.39) is the only other state with an average at or above $4 a gallon. This week, 25 states and the District of Columbia have averages in the $3 range. There are 22 states with averages in the $2 range this week.
The cheapest gas in the nation is in Mississippi ($2.70) and Louisiana ($2.76). No state has had an average below $2 a gallon since Jan. 7, 2021, when Mississippi and Texas were below that threshold. At that time, the COVID-19 pandemic drove significant declines in crude oil and gasoline demand in the U.S. and around the world.
The difference between the most expensive and least expensive states is $1.78 this week.
Oregon is one of 45 states and the District of Columbia with lower prices now than a month ago. The national average is five cents less and the Oregon average is eight cents less than a month ago. Indiana (-20 cents) has the largest month-over-month drop in the nation, while Florida has the largest month-over-month increase (+12 cents).
Oregon and Washington are the only two states with higher prices now than a year ago. The national average is 37 cents less, while the Oregon average is four cents more and the Washington average is 14 cents more than a year ago. Illinois (-68 cents) has the largest yearly drop.
After 23 weeks, Hawaii bumps California as the state with the most expensive gas in the country. California slips to second with Washington, Oregon, Alaska and Nevada rounding out the top six. Arizona is 14th. Oregon is the fourth most expensive for the 10th week in a row.
Like most other states, those in the West Coast region have small week-over-week changes. Nevada (-5 cents), Alaska (-2 cents), California (-2 cents), Oregon (-2 cents), Arizona (-1 cent), and Washington (-1/2 cent) have small week-over-week declines. Hawaii (+1/2 cent) is the only state in the region with a week-over-week increase.
For the week, the national average for diesel remains at $3.73 a gallon. The record high is $5.816 set on June 19, 2022. The Oregon average ticks down one cent to $4.50. The record high is $6.47 set on July 3, 2022. A year ago the national average for diesel was $3.81 and the Oregon average was $4.04.
