Oregon gas prices falling rapidly, but still more expensive than last year

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The price of gas in Oregon continues to fall at a rapid pace after reaching record highs five months ago. But Oregonians are still paying plenty more than they did a year ago.

AAA says the average price of regular unleaded in Oregon has fallen 19 cents in the past week to $4.42. Oregon has the fifth-largest weekly drop and second-largest monthly drop for a state in the nation.

But that price is still 62 cents higher than this time in 2021.

In Bend, the average is $4.46 a gallon. That’s down nine cents in a week, but up 56 cents from last year.

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AAA says “Crude oil prices are at their lowest prices since December 2021, below $80 per barrel, and that’s helping to push pump prices lower. Extreme coronavirus restrictions in China and concerns over a global recession are the major driving factors behind the lower crude oil prices.”

As usual, the West Coast has the most expensive gas prices in the country. AAA says this is due to consistently tight supplies — people buying as much as is produced — and due to a relative lack of nearby refineries compared to the rest of the nation.

The national average is $3.52 a gallon, down 12 cents in the past week.



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