The national average for a gallon of regular gas could soon reach the $3 mark for the first time since May 2021. The Oregon average is close to dipping below $4 per gallon – prices here surged above $4 in early September when the Olympic Pipeline was out of service. Major factors behind falling gas prices include crude oil prices below $60 per barrel, lower demand for gas in the U.S., cheaper winter-blend fuel, and continued production increases in crude oil by OPEC+. For the week, the national average for regular slips three cents to $3.05 a gallon. The Oregon average loses seven cents to $4.01 a gallon.
“Gas prices are cooling off like fall weather. Declines have been slow and steady, and drivers should continue to get relief at the pumps in the coming weeks,” says Marie Dodds, public affairs director for AAA Oregon/Idaho. “This week, a gas station in Evans, Colorado sold gas at $1.999 per gallon. This is the first time in four years for a retail price below $2 a gallon for regular gas. Other stations in parts of the U.S. may follow suit.”
The Oregon average for regular gas began 2025 at $3.45 a gallon and is currently at $4.01. The highest price of the year so far is $4.297 on September 13 and 14. The lowest price of the year so far is just under $3.45 a gallon on January 2.
The national average began 2025 at $3.06 a gallon and is currently at $3.05. The highest price of the year so far is $3.268 on April 4. The lowest price of the year so far is $3.036 on October 19 and 20.
