Drop in Gas Prices: According to AAA, the price of gasoline across Oregon dropped by an additional 26 cents in the past week, and the price decline in Central Oregon was virtually the same pace.
Oregon Sees a 26-Cent Weekly Drop in Gas Prices
On Monday, the price of a gallon of regular unleaded unfiltered gasoline is, on average, $4.21 across the state. This is a decrease from the price of $4.47 on November 28 and $4.84 one month ago. It’s still 43 cents more expensive than it was during the same period last year.
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The current price in Bend is $4.22, which is a decrease of 24 cents from a week ago and 66 cents from the same point in time last month. It is still 35 cents more expensive than it was the previous year.
On average across the country, the cost of regular unleaded gasoline is $3.40 per gallon. That is very close to where it was exactly one year ago when it was at the price of $3.36.
Patrick De Haan, the head of petroleum analysis at GasBuddy, made the following statement on the company’s blog: “Every state has again seen average gasoline prices drop in the last week, and it remains very possible that the national average could fall under $3 per gallon by Christmas.” [citation needed]
“Every state has again seen average gasoline prices drop in the last week. There has also been a reduction in the price of diesel, which is expected to drop down below $5 a gallon this coming week and is likely to reach its lowest level since March in the not-too-distant future.
But here comes the important disclaimer.
Oregon gas prices have plummeted another 26 cents in the past week and the national average is nearly at the level it was one year ago. https://t.co/Y4eeCgwRXK
— Central Oregon Daily News (@CODaily) December 5, 2022
“However, in spite of all the reassuring news regarding fuel costs, there may be some cause for concern in the near future as the price cap on Russian oil takes effect,” said De Haan.
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” Retaliation is a possibility, and even if OPEC+ maintained the production cutbacks from the previous month, they always have the option to reduce production even further. For the time being, however, it seems likely that we will see another week of decreases in gas prices in almost all regions.
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