Santa’s mixed bag: Oregon gas prices down 7 cents/gallon in past week, but a nickel higher than a year ago

PORTLAND, Ore. (KTVZ) -- Average gasoline prices in Oregon have fallen 7.0 cents per gallon in the last week, averaging $3.84/g Monday, according to GasBuddy's survey of 1,307 stations in Oregon.

Prices in Oregon are 24.0 cents per gallon lower than a month ago and stand 5.1 cents per gallon higher than a year ago.

The national average price of diesel has fallen 9.2 cents in the last week and stands at $3.99 per gallon.

According to GasBuddy price reports, the cheapest station in Oregon was priced at $3.09/g Sunday while the most expensive was $4.99/g, a difference of $1.90/g. The lowest price in the state Sunday was $3.09/g while the highest was $4.99/g, a difference of $1.90/g.

The national average price of gasoline has fallen 8.6 cents per gallon in the last week, averaging $3.03/g Monday. The national average is down 26.9 cents per gallon from a month ago and stands 6.8 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.

Historical gasoline prices in Oregon and the national average going back ten years:
December 18, 2022: $3.79/g (U.S. Average: $3.09/g)
December 18, 2021: $3.76/g (U.S. Average: $3.31/g)
December 18, 2020: $2.50/g (U.S. Average: $2.22/g)
December 18, 2019: $3.03/g (U.S. Average: $2.56/g)
December 18, 2018: $2.94/g (U.S. Average: $2.37/g)
December 18, 2017: $2.75/g (U.S. Average: $2.41/g)
December 18, 2016: $2.39/g (U.S. Average: $2.24/g)
December 18, 2015: $2.28/g (U.S. Average: $2.00/g)
December 18, 2014: $2.71/g (U.S. Average: $2.46/g)
December 18, 2013: $3.26/g (U.S. Average: $3.20/g)

Neighboring areas and their current gas prices:
Eugene- $3.52/g, down 2.8 cents per gallon from last week's $3.55/g.
Salem- $3.65/g, up 0.3 cents per gallon from last week's $3.65/g.
Portland- $4.11/g, down 6.4 cents per gallon from last week's $4.17/g.

"As the nation's average price of gasoline has fallen for the 13th straight week, we're on the cusp of potentially seeing a $2.99 per gallon average for the first time in years, most welcome just in time for the Christmas holiday," said Patrick De Haan, head of petroleum analysis at GasBuddy.

"While the declines may soon come to an end as the price of oil has rebounded from recent lows, we could see a gentler 2024 at the pump for motorists. Gasoline could see its average fall below $3 this week while the price of diesel has just fallen below $4 for the first time since July, also very welcome news for the economy as nearly all goods are impacted by the price of diesel."

"All in all, the news continues to be good in terms of fuel prices as we enter into the closing innings of 2023. GasBuddy will be releasing full details on the year ahead in the coming weeks, giving motorists valuable insight on what to expect in 2024," De Haan said.

GasBuddy says it's 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.