Oregon’s average gas price falls another 24 cents in past week; down 64 cents in past month, up 42 cents over year

CHICAGO (KTVZ) -- Average gasoline prices in Oregon have fallen 24 cents per gallon in the last week, averaging $4.18/gallon Monday, according to GasBuddy's survey of 1,307 stations in Oregon.

Prices in Oregon are 64.3 cents per gallon lower than a month ago and stand 42.4 cents per gallon higher than a year ago. The national average price of diesel has fallen 13.6 cents in the last week and stands at $5.06 per gallon, GasBuddy says.

According to GasBuddy price reports, the cheapest station in Oregon was priced at $3.35/g Sunday while the most expensive was $5.49/g, a difference of $2.14/g.

The national average price of gasoline has fallen 15.8 cents per gallon in the last week, averaging $3.36/g Monday. The national average is down 43 cents per gallon from a month ago and stands 1.5 cents per gallon 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 ten years:
December 5, 2021: $3.75/g (U.S. Average: $3.34/g)
December 5, 2020: $2.52/g (U.S. Average: $2.16/g)
December 5, 2019: $3.13/g (U.S. Average: $2.60/g)
December 5, 2018: $3.04/g (U.S. Average: $2.44/g)
December 5, 2017: $2.79/g (U.S. Average: $2.47/g)
December 5, 2016: $2.40/g (U.S. Average: $2.18/g)
December 5, 2015: $2.31/g (U.S. Average: $2.04/g)
December 5, 2014: $2.97/g (U.S. Average: $2.70/g)
December 5, 2013: $3.27/g (U.S. Average: $3.24/g)
December 5, 2012: $3.42/g (U.S. Average: $3.38/g)

Oregon cities and their current gas prices:
Eugene- $4.07/g, down 31.1 cents per gallon from last week's $4.38/g.
Salem- $3.90/g, down 22.9 cents per gallon from last week's $4.13/g.
Portland- $4.31/g, down 23.7 cents per gallon from last week's $4.55/g.

"For the first time in 670 days, the national average price of gasoline has fallen below its year-ago level, dropping for the fourth straight week to its lowest level since January," said Patrick De Haan, head of petroleum analysis at GasBuddy. "Every state has again seen average gasoline prices drop in the last week, and it remains very possible the national average could fall under $3 per gallon by Christmas. There has also been a drop in diesel prices, which this week will fall back under $5 per gallon, and could soon thereafter fall to their lowest level since March.

"However, despite all the good news about fuel prices, there may be some concerns coming, as the price cap on Russian oil kicks in. Retaliation is possible, and while OPEC+ upheld production cuts from last month, they could always cut more production. For now, however, we'll likely see another week of declines at the pump in nearly all areas."

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, where you can find the lowest gas prices on the High Desert.