Even with record travel over the Independence Day holiday period, gas prices have been trending lower since late June.
Prices in most states, including Oregon, continue to tick down; for the week, the national average for regular falls three cents to $3.15 a gallon. The Oregon average dips two cents to $4.02 a gallon.
“Pump prices should continue to ease if we don’t see tensions flare up again in the Middle East or a hurricane impacting the Gulf Coast,” says Marie Dodds, public affairs director for AAA Oregon/Idaho. Meanwhile, crude oil production in the U.S. remains near record highs. The U.S. Energy Information Administration reports that crude production is steady at 13.43 million barrels per day for the week ending June 27. 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 Oregon average for regular gas began 2025 at $3.45 a gallon. The highest price of the year so far is $4.076 on June 24-25. The lowest price of the year so far is just under $3.45 a gallon on Jan. 2.
The national average began 2025 at $3.06 a gallon and is currently at $3.15. 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.
Oregon is one of 46 states with lower prices now than a week ago. Indiana (-12 cents) has the largest week-over-week decline in the nation. Tennessee (+3 cents) has the biggest week-over-week increase.
California ($4.55) has the most expensive gas in the nation for the 21st week in a row. Hawaii ($4.47) is second, Washington ($4.41) is third, and Oregon ($4.02) is fourth. These are the four states with averages at or above $4 a
gallon. This week, 25 states and the District of Columbia have averages in the $3 range. There are 21 states with an average in the $2 range this week.
The cheapest gas in the nation is in Mississippi ($2.70) and Oklahoma ($2.71). No state has had an average below $2 a gallon since Jan. 7, 2021, when Mississippi and Texas were below that threshold. At the 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 $1.85 this week, compared to $1.87 a week ago.
Oregon is one of 41 states and the District of Columbia with higher prices now than a month ago. The national average is two cents more and the Oregon average is five cents more. Delaware (+27 cents) has the largest month-over-month increase in the nation. California (-15 cents) has the largest month-over-month drop.
Oregon is one of 49 states and the District of Columbia with lower prices now than a year ago. The national average is 36 cents less and the Oregon average is one cent less. New Mexico (-52 cents) has the largest yearly drop. Washington (+12 cents) is the only state with a year-over-year increase.
For the week, the national average price of diesel slips half a cent to $3.69 a gallon. The record high is $5.816 set on June 19, 2022. The Oregon average rises two cents to $4.49. The record high is $6.47 set on July 3, 2022. A year ago, the national average for diesel was $3.84 and the Oregon average was $4.10.
The West Coast region typically continues to have the most expensive pump prices in the nation with six or seven states in the top 10 due to fairly tight supplies, consumption that basically matches production, distance from drilling,
production and refining operations – and environmental programs that add to the cost of production, storage and distribution.
