Oregon Gas Hits $5.10 Amid National Price Surge
Regular gasoline in Oregon costs $5.10 per gallon, exceeding the national average by 64 cents.
The average price of regular gasoline in Oregon reached $5.10 per gallon. This figure stands 64 cents above the national average of $4.46. Washington state drivers face an even higher cost at $5.57 per gallon. Diesel in Oregon averages $6.83 per gallon. The national average rose 16 cents in the past week. It is 40 cents higher than a month ago and $1.26 higher than a year prior.
These levels match spring peaks and approach the May high of $4.56. The all-time national high remains $5.01, set in June 2022. GN auto markets/energy: crude oil prices reports indicate sustained pressure on pump prices. Volatility in the Strait of Hormuz keeps oil values elevated. The market remains sensitive to geopolitical developments.
Crude Oil Holds Above $100
West Texas Intermediate crude settled at $102.43 per barrel. This price followed a drop of $3.40 in Wednesday’s trading. The benchmark remains above the $100 threshold. This level directly impacts retail fuel costs. Producers pass higher extraction and transport costs to consumers.
Demand and Supply Data
Gasoline demand increased to 8.79 million barrels per day. This marks a rise from 8.55 million barrels the previous week. The Energy Information Administration reported this growth. Domestic gasoline stocks grew to 207.7 million barrels. Production rose to 9.6 million barrels per day. U.S. crude inventories fell by 600,000 barrels to 423.4 million barrels.
