Retail gas prices are ticking lower in Oregon and are flat nationally.
For the week, the national average for regular unleaded remains at $2.21 a gallon.
“The Oregon average slips two cents to $2.53,” says AAA Oregon/Idaho Public Affairs Director Marie Dodds. “Prices have remained steady on the West Coast despite tightened supplies in this region. Prices in other regions, especially the Southeast, have been pressured higher due to disruptions on the Colonial Pipeline. Another factor impacting oil and gas prices is the upcoming OPEC meeting on November 30, as traders speculate on the cartel’s announced production cut.”
Oregon is one of 30 states where drivers are paying less at the pumps than one week ago. Some volatility remains in the Southeast, where gasoline prices saw upward momentum as a result of the Colonial Pipeline disruption. Line 1 operations were restored on Sunday afternoon after more than a week of downtime following last week’s deadly explosion. While delivery of fuel has resumed, it may take a week before affected states see any relief at the pumps.
Gas prices on the West Coast continue to be the highest in the country, with every state in the region landing on the top ten list of most expensive markets: Hawaii, California, Washington, Alaska, Oregon, Nevada and Idaho. Oregon is fifth for the 11th week in a row.
