Gas in Oregon May Drop Below $3 Per Gallon

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Gas Prices
Holiday travelers are paying less at the pump than they have since 2008, according to AAA.

Drivers enjoyed the lowest retail average price for a gallon of gas during the Thanksgiving holiday since 2009 with the national average at $2.80 per gallon this past Thursday, and pump prices are poised to continue to drop this holiday season.

For the week, the national average for regular unleaded skids another nickel to $2.76 a gallon. Oregon’s average loses four cents to $3.01.

(FESTIVAL OF TREES SET FOR THIS WEEKEND)

“The national average is at its lowest price since October 2010 while Oregon’s average is at its lowest price since November 2010,” said AAA Oregon/Idaho Public Affairs Director Marie Dodds. “Last week’s decision by OPEC to maintain its current levels of crude oil production has put additional downward pressure on oil and gasoline prices.”

The national average has been below the $3 per gallon mark for a month, and 42 states now have averages below $3. This number is set to increase in the coming days and it’s likely that Oregon will also drop below this threshold by the end of the week, leaving Hawaii, Alaska, New York and Connecticut as the only states with averages above this benchmark. For the fourth week in a row, the average price at the pump is below $4 per gallon in every state and Washington, D.C.

For the fourth week in a row, there are no states with an average price for regular unleaded at or above $4 a gallon. Forty-two states have averages below $3 per gallon, up from 38 a week ago. Six additional states, including Oregon, are within a dime of the $3 mark.

Hawaii has the most expensive gas in the country for the 110th consecutive week at $3.86, followed by Alaska at $3.51, New York at $3.16, Connecticut at $3.10 and Washington at $3.05 (down four cents and fifth for the second consecutive week). California is sixth at $3.05 (down three cents and sixth for the second week in a row). Oregon is eighth up from 10th last week at $3.01 (down four cents). Idaho is 10th down from eighth last week at $2.97 (down nine cents). Missouri has the cheapest gas in the nation for the second week in a row at $2.46 a gallon (down nine cents).

Diesel prices are edging lower in most markets. The national average slips three cents to $3.56 a gallon. Oregon’s average falls six cents to $3.56.

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