After several weeks of declining fuel prices in the latter part of 2024, costs at the pump are beginning to rise in the new year, averaging $3.07, around a 5-cent increase compared to a month ago. States in the South and Midwest are seeing the lowest average gas prices in the U.S., with prices dropping as low as $2.60 in Oklahoma.
“While the national average dipped below $3 per gallon for a few days in recent weeks, those days are likely behind us,” GasBuddy analyst Patrick De Haan said in a recent statement. De Haan noted that oil prices have gone up to $74 per barrel, the highest in months.
Increased demand due to shifting economic conditions in China combined with U.S. sanctions against Russia and Iran are contributing to higher oil prices, according to Reuters. Meanwhile, President-elect Donald Trump is angling to reverse an offshore oil and gas drilling ban along U.S. coastlines, a policy recently implemented by the Biden administration, as soon as he takes office in late January.
Stacker compiled statistics on gas prices in Corvallis, OR metro area using data from AAA. Gas prices are current as of January 9.
Corvallis by the numbers
– Gas current price: $3.18
— Oregon average: $3.47
– Week change: +$0.10 (+3.4%)
– Year change: -$0.19 (-5.7%)
– Historical expensive gas price: $5.48 (6/16/22)
– Diesel current price: $3.51
– Week change: +$0.05 (+1.5%)
– Year change: -$0.45 (-11.3%)
– Historical expensive diesel price: $6.25 (6/29/22)
Metros with the most expensive gas
#1. Lihue (Kauai), HI: $5.18
#2. Hilo, HI: $4.67
#3. San Luis Obispo-Atascadero-Paso Robles, CA: $4.62
Metros with the least expensive gas
#1. Lubbock, TX: $2.50
#2. Lawton, OK: $2.52
#3. Hattiesburg, MS: $2.55
This story features writing by Tim Bruns and is part of a series utilizing data automation across 371 metros.
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Stacker
Stacker is a news organization that produces and distributes data journalism to the world’s news organizations. Founded in 2017, Stacker combines data analysis with rich editorial context, drawing on authoritative sources and subject matter experts to drive storytelling. This article has been republished pursuant to a CC BY-NC 4.0 License.