The lowest gas rates since 2020 will be available to drivers traveling over the rivers, across the passes, or anyplace else in Oregon over the Thanksgiving holiday.
According to AAA Oregon/Idaho, the average price for normal in Oregon is $3.56, which is roughly 49 cents less than it was a year ago and 23 cents less than it was at the beginning of 2024.
According to AAA, the bomb cyclone that brought strong winds and rain last week caused power disruptions in the Seattle area, which is home to multiple refineries, and is partly to blame for the state’s rising gas costs.
According to Marie Dodds, a AAA Oregon/Idaho spokesman, fresh worries about a worsening of the conflict between Russia and Ukraine also caused a spike in crude oil prices across the country last week.
According to a statement from Dodds, pump prices are already leveling off and should shortly start to fall again, barring any unforeseen circumstances.
Seasonality affects gas prices, which typically decline in the winter when refineries transition to less expensive blends. Because they are blended to lessen evaporation, which can contribute to pollution in warmer weather, those used in the summer are more costly.
Portland has the highest price for a major Oregon city, with a gallon selling for $3.72. (In Vancouver, Washington, gas costs $3.88 per gallon, which is a little more.) At $3.34 per gallon, Albany offers the least expensive gasoline in Oregon, at least in urban areas.
The average price of gasoline nationwide is $3.07 a gallon, which is 19 cents less than it was a year ago.
For The Oregonian/OregonLive, Elliot Njusedits writes about business and economic news. You may contact him at [email protected].
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