Saturday, May 28, 2016

Pump prices continue to tumble.  The national average for regular unleaded drops six cents this week to $3.52, while the Oregon average loses two cents to $3.67.

A year ago, the national average was at $3.91, close to its peak price for the year of $3.94 on April 5 and 6, 2012.  The national average has now fallen for 13 straight days, and 42 of 48 days since the peak 2013 price to date of $3.79 on February 27.

In Oregon, the year-to-date peak price is $3.80 a gallon on March 13.  A year ago, the Oregon average was $4.08.

Drivers in every state but Idaho are paying less for gas now than they were a week ago, and Idaho is one of only five states where drivers are paying more than a month ago.  The relief is fairly significant in most states:  40 states, including Oregon, have gas prices that are at least a dime a gallon less than a month ago, and seven states are paying at least 20 cents less.

 KAST Morning Blast

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