The price for a gallon of gasoline has hardly changed over the past week as low demand and a strong supply keep prices in check at the pump.
While millions in Houston have had their power impacted by Hurricane Beryl, the rest of the nation was spared. The storm had little impact on oil and gas infrastructure, which could have pushed prices upward. The latest federal data on inflation also shows lower gas prices over the past few months have played a role in pushing consumer price growth down. Part of that had to do with an atypical drop in travel demand this summer, according to analysts.
“While a record 60 million travelers were forecast to hit the highways for the July 4th holiday, the overall demand number for gasoline dropped,” AAA spokesperson Andrew Gross said in a statement Thursday. “That is a rare feat for a holiday week and may point to a change in demand trends.”
Stacker compiled statistics on gas prices in Oregon. Gas prices are as of July 12.
Oregon by the numbers
– Gas current price: $4.02
– Week change: -$0.02 (-0.6%)
– Year change: -$0.60 (-12.9%)
– Historical expensive gas price: $5.55 (6/15/22)
– Diesel current price: $4.09
– Week change: +$0.00 (+0.0%)
– Year change: -$0.33 (-7.4%)
– Historical expensive diesel price: $6.47 (7/3/22)
Metros with most expensive gas in Oregon
#1. Grants Pass: $4.18
#2. Portland-Vancouver (OR only): $4.13
#3. Medford-Ashland: $4.09
#4. Salem: $3.94
#5. Pendleton: $3.87
#6. Bend: $3.86
#7. Eugene-Springfield: $3.83
#8. Corvallis: $3.80
#9. Albany: $3.79
States with the most expensive gas
#1. California: $4.78
#2. Hawaii: $4.69
#3. Washington: $4.29
States with the least expensive gas
#1. Mississippi: $3.01
#2. Arkansas: $3.08
#3. Louisiana: $3.12
This story features writing by Dom DiFurio and is part of a series utilizing data automation across 50 states.
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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.