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Oregon gas prices fall nearly a dime a gallon in past week, down 22 cents in a month, 63 cents from a year ago

MGN

PORTLAND, Ore. (KTVZ) -- Average gasoline prices in Oregon have fallen 9.4 cents per gallon in the last week, averaging $4.42/g Monday, according to GasBuddy's survey of 1,307 stations in Oregon. Prices in Oregon are 21.8 cents per gallon lower than a month ago and stand 63.3 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in Oregon was priced at $3.60/g Sunday while the most expensive was $5.29/g, a difference of $1.69/g.

The national average price of gasoline has fallen 5.2 cents per gallon in the last week, averaging $3.50/g Monday. The national average is down 33.2 cents per gallon from a month ago and stands 26.8 cents per gallon lower than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country.

The national average price of diesel has risen 3.8 cents in the last week and stands at $4.48 per gallon.

Historical gasoline prices in Oregon and the national average going back 10 years:
October 23, 2022: $5.05/g (U.S. Average: $3.77/g)
October 23, 2021: $3.75/g (U.S. Average: $3.37/g)
October 23, 2020: $2.47/g (U.S. Average: $2.15/g)
October 23, 2019: $3.33/g (U.S. Average: $2.62/g)
October 23, 2018: $3.35/g (U.S. Average: $2.84/g)
October 23, 2017: $2.71/g (U.S. Average: $2.44/g)
October 23, 2016: $2.53/g (U.S. Average: $2.21/g)
October 23, 2015: $2.33/g (U.S. Average: $2.21/g)
October 23, 2014: $3.29/g (U.S. Average: $3.07/g)
October 23, 2013: $3.47/g (U.S. Average: $3.32/g)

Neighboring areas and their current gas prices:
Eugene- $4.25/g, down 9.3 cents per gallon from last week's $4.35/g.
Salem- $4.22/g, down 9.1 cents per gallon from last week's $4.31/g.
Portland- $4.61/g, down 5.8 cents per gallon from last week's $4.67/g.

"As air temperatures trend downward as we progress into fall, gasoline prices have seen another week of their own seasonal fall. The national average is on the cusp of falling to the lowest level since March, something that could happen this week," said Patrick De Haan, head of petroleum analysis at GasBuddy.

"Demand for gasoline continues to weaken as we get closer to winter, as there isn't as much desire to get out. Coupled with cheaper winter gasoline and refinery issues that have faded to the rearview, gasoline prices have been weakening even as oil prices have climbed. For now, that trend will likely mean further declines in the weeks ahead, before prices bottom out sometime between Thanksgiving and Christmas."

GasBuddy is the authoritative voice for gas prices and the only source for station-level data. GasBuddy's survey updates 288 times every day from the most diverse list of sources covering nearly 150,000 stations nationwide, the most comprehensive and up-to-date in the country. GasBuddy data is accessible at http://prices.GasBuddy.com.

GasBuddy also fuels KTVZ.COM's Pump Patrol, featuring the lowest citizen-reported gas prices on the High Desert.

Article Topic Follows: Business

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