Gas prices have either remained flat or risen every day in the last month, setting multiple new record highs. But demand for gasoline in the U.S. has increased to 9 million barrels a day, which is typical for this time of year.
For the week, the national average for regular jumps eight cents to $4.60 a gallon. The Oregon average jumps 10 cents to $5.16, according to AAA Oregon/Idaho.
All 50 states have averages above $4 a gallon and six states, including Oregon, have averages above $5. California remains the only state with an average above $6. The national and Oregon averages continue to set new record highs almost daily, eclipsing the recent record highs set in March.
The Memorial Day holiday weekend will be a busy one, despite the soaring gas prices. AAA predicts 39.2 million people (11.8% of the population) will travel 50 miles or more from home this Memorial Day weekend. This is an increase of 8.3% over 2021, bringing travel volumes almost in line with those in 2017.
In the Pacific Region, Region (AK, CA, HI, OR, WA), 6.7 million people (12.5% of the population) are expected to travel, an 8.1% increase compared to 2021. About 530,000 Oregonians will travel over the long weekend.
Pump prices are higher in all 50 states week-over-week. The District of Columbia (-1 cent) is the only area with a weekly decline. Alaska (+19 cents) has the largest weekly jump. New Mexico (+2 cents) has the smallest weekly gain.
California ($6.07) is the most expensive state in the nation and is the only state to ever have an average above $6 a gallon. There are six states, including Oregon, with averages at or above $5. Every other state and D.C. has an average at or above $4 a gallon.
The cheapest gas in the nation is in Oklahoma ($4.07) and Kansas ($4.07). This week no states have averages below $3 a gallon, same as a week ago. For the 72nd week in a row, no state has an average below $2 a gallon.
All 50 states and the District of Columbia have higher prices now than a month ago. The national average is 48 cents more and the Oregon average is 50 cents more than a month ago. This is the 24th-largest monthly jump in the nation. New York (+70 cents) has the largest monthly gain. Utah (+9 cents) has the smallest.
All 50 states and the District of Columbia have higher prices now than a year ago. Every state and D.C. have a current average that’s a dollar or more higher than a year ago. The national average is $1.56 more and the Oregon average is $1.76 more than a year ago. This is the ninth-largest yearly increase in the nation. Alaska (+$1.91) has the biggest yearly increase. Colorado (+$1.06) has the smallest year-over-year increase.
