Oregon gas prices edge downward after weeks of record highs

PORTLAND, Ore. (KTVZ) -- Average gasoline prices in Oregon have fallen 4 cents per gallon in the past week, averaging $5.49/gallon Monday, according to GasBuddy's survey of 1,307 stations in Oregon.

Despite the small drop, gas prices in Oregon are still 31.8 cents per gallon higher than a month ago and stand $1.96/g higher than a year ago. The price of diesel has risen 2.6 cents nationally in the past week and stands at $5.80 per gallon.

According to GasBuddy price reports, the cheapest station in Oregon was priced at $4.98/g Sunday while the most expensive was $6.79/g, a difference of $1.81/g.

The national average price of gasoline has fallen 8.8 cents per gallon in the last week, averaging $4.88/g Monday. The national average is up 28.3 cents per gallon from a month ago and stands $1.79/g higher 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 10 years:
June 27, 2021: $3.53/g (U.S. Average: $3.09/g)
June 27, 2020: $2.52/g (U.S. Average: $2.17/g)
June 27, 2019: $3.22/g (U.S. Average: $2.71/g)
June 27, 2018: $3.28/g (U.S. Average: $2.85/g)
June 27, 2017: $2.63/g (U.S. Average: $2.24/g)
June 27, 2016: $2.52/g (U.S. Average: $2.30/g)
June 27, 2015: $3.14/g (U.S. Average: $2.78/g)
June 27, 2014: $3.97/g (U.S. Average: $3.68/g)
June 27, 2013: $3.77/g (U.S. Average: $3.52/g)
June 27, 2012: $3.70/g (U.S. Average: $3.37/g)

Oregon cities and their current gas prices:
Eugene- $5.50/g, down 5.3 cents per gallon from last week's $5.55/g.
Salem- $5.38/g, down 10.6 cents per gallon from last week's $5.49/g.
Portland- $5.56/g, down 3.1 cents per gallon from last week's $5.59/g.

"With Independence Day a week away, gas prices have continued to fall for the second straight week as the price of oil has faltered, ushering in the drop we're seeing. The good news is we could also see a third straight week of decline," said Patrick De Haan, head of petroleum analysis at GasBuddy.

"While prices will be at their highest July 4th level ever, they'll have fallen close to 20 cents since our peak in early June. Motorists should be wary that while the decline could continue for the week ahead, any sudden jolts to supply could quickly cause a turnaround, and risk remains that when the peak of hurricane season arrives, we could see a super spike at the pump."

GasBuddy calls itself the authoritative voice for gas prices and the only source for station-level data spanning nearly two decades. Unlike AAA's once daily survey and the Lundberg Survey, updated once every two weeks based on a small fraction of U.S. gasoline stations, 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, which shows the lowest gas prices on the High Desert.