Oregon gas prices keep on falling, down nearly $1 a gallon from a year ago, double the nationwide decline

PORTLAND, Ore. (KTVZ) -- Average gasoline prices in Oregon have fallen 6.1 cents per gallon in the last week, averaging $3.72/g Tuesday, according to GasBuddy's survey of 1,307 stations in Oregon. Prices in Oregon are 15.1 cents per gallon lower than a month ago and stand 98.6 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in Oregon was priced at $3.07/g Monday while the most expensive was $4.59/g, a difference of $1.52/g.

The national average price of gasoline has fallen 4.6 cents per gallon in the last week, averaging $3.28/g Monday. The national average is down 17.9 cents per gallon from a month ago and stands 48.9 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:
September 3, 2023: $4.71/g (U.S. Average: $3.77/g)
September 3, 2022: $4.71/g (U.S. Average: $3.77/g)
September 3, 2021: $3.76/g (U.S. Average: $3.18/g)
September 3, 2020: $2.60/g (U.S. Average: $2.22/g)
September 3, 2019: $3.02/g (U.S. Average: $2.56/g)
September 3, 2018: $3.23/g (U.S. Average: $2.82/g)
September 3, 2017: $2.87/g (U.S. Average: $2.63/g)
September 3, 2016: $2.45/g (U.S. Average: $2.20/g)
September 3, 2015: $2.81/g (U.S. Average: $2.43/g)
September 3, 2014: $3.87/g (U.S. Average: $3.43/g)

Neighboring areas and their current gas prices:
Eugene- $3.57/g, down 0.9 cents per gallon from last week's $3.58/g.
Salem- $3.66/g, down 4.6 cents per gallon from last week's $3.70/g.
Portland- $3.90/g, down 6.3 cents per gallon from last week's $3.96/g.

The national average price of diesel has declined 0.2 cents in the last week and stands at $3.65 per gallon, a fresh multi-year low.

"Motorists rejoice! The national average price of gasoline prices has continued to slump for the fifth straight week. With the summer driving season now over, we have much to look forward to for the fall: more drops at the pump as demand drops seasonally, and the changeover to cheaper winter gasoline is just two weeks away," said Patrick De Haan, head of petroleum analysis at GasBuddy.

"As long as we don't see a major hurricane head into the Gulf and the situation improves in the Middle East, the national average could fall below $3 in the next two months—GasBuddy is already tracking eight states at that level or lower. While diesel prices fell slightly last week, they may rise with winter growing closer and the economy's likely rebound ahead of the Fed's expected rate cut. So, while it's great news for gas prices, diesel will likely soon see its seasonal rise kick in."

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's averages, graphs, maps and historical pricing data covering the U.S. and Canada is available 24/7 at http://prices.GasBuddy.com.

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