highest recorded average price
| Price | Date | |
|---|---|---|
| Regular Unleaded | $5.719 | 6/15/22 |
| Diesel | $6.824 | 7/5/22 |
When was highest gas price in Oregon?
2008
Prior to this year, Oregon gas prices had peaked in the summer of 2008 at $4.29 a gallon, which would be about $5.65 today after accounting for inflation. The previous nationwide high-water mark, also set in 2008, was $4.27, or $5.63 in today’s dollars.
What is the highest gas price ever recorded?
Prior to 2022, the highest ever average recorded by AAA was $4.114 per gallon in July 2008. Average U.S. gas prices soared to a record high of $4.33 in March shortly after Russia invaded Ukraine, which caused crude oil prices to surge and threatened global supply.
What was gas prices in 2020 in Oregon?
For the year 2020, the annual national gas price average was $2.17 per gallon, the lowest since 2016. The Oregon average for 2020 is $2.67, also the lowest annual gas price average for the state since 2016.
How much was gas Oregon 2019?
A gallon of regular unleaded fuel cost, on average, $3.30, nearly 50 cents more than the national average of $2.83 per gallon. Oregon joins California, Hawaii and Washington at the top of the list.
Why are gas prices so high in Oregon 2022?
Crude prices remain higher than a year ago due to tight global supplies and the Russian invasion of Ukraine. A year ago, crude was around $66 per barrel compared to $98 today. Demand for gasoline in the U.S. tumbled from 9.41 million b/d to 8.06 million b/d.
Why is gas so high in Oregon?
The major driver in the sharply rising price of gas is the high cost of crude oil, which is above $110 per barrel. For the week, the national average for regular jumps 15 cents to $4.52 a gallon. The Oregon average soars 21 cents to $5.06.
Why was gas prices so high in 2008?
At the same time, unemployment rose as companies reduced output since aggregate demand was falling. As a result, less energy was consumed and the demand for oil and gas fell in turn, putting additional pressure on its price.
Why was gas prices so high in 2012?
AAA blamed hurricanes, refinery outages and tensions in the Middle East for the high prices. The third most expensive year on record was 2008, when prices averaged $3.25 a gallon.
How much was gas in 2009?
Supporting Information
| Year | Retail Gasoline Price (Current dollars/gallon) | Retail Gasoline Price (Constant 2015 dollars/gallon) |
|---|---|---|
| 2009 | 2.35 | 2.58 |
| 2010 | 2.79 | 3.02 |
| 2011 | 3.53 | 3.75 |
| 2012 | 3.64 | 3.80 |
What is the highest gas price in America?
Prices are generally highest in the West, with gas at $5.54 in Washington and Oregon, $5.31 in Arizona, and more than $5.50 on average in Alaska and Hawaii. Only one state east of the Rockies has an average gas price above $5.30 a gallon: Illinois, where the average price is $5.56.
What state has the most expensive gas?
California
California has the most expensive gas in the nation, while Georgia has the cheapest.
Who has the highest gas prices in the US?
California has consistently reported the highest average gas prices, clocking in at $5.90 as of Monday, according to AAA.
Is gas cheaper in Oregon than California?
California is the most expensive gasoline state for the 61st week in a row with Nevada, Hawaii, Washington, Oregon, Alaska, and Arizona rounding out the top seven.
How much is gas in Hawaii?
Hawaii average gas prices
| Regular | Mid-Grade | |
|---|---|---|
| Current Avg. | $5.386 | $5.609 |
| Yesterday Avg. | $5.390 | $5.621 |
| Week Ago Avg. | $5.428 | $5.639 |
| Month Ago Avg. | $5.612 | $5.809 |
Why are gas prices so high?
Prices have been marching higher since the pandemic.
Demand fell off sharply during pandemic lockdowns, briefly pushing the price of oil below zero. The war in Ukraine has disrupted Russian oil supplies, causing a spike in prices. Source: Energy Information Administration Note: Price of West Texas Intermediate oil.
What will gas prices be in 2025?
The price was expected to fall to $3.25/MMBtu in 2024 and $2.75/MMBtu in 2025 and beyond.
How much is gas in Portland right now?
Top 10 Lowest Prices
| Price | Station |
|---|---|
| 4.790 | Costco 4849 NE 138th Ave Portland – NE Jul 17,8:07 AM |
| 4.850 | Fred Meyer 8955 SE 82nd Ave Portland – SE Jul 16,3:57 PM |
| 4.890 Cash | Space Age 11130 NW Saint Helens Rd Portland – NW Jul 16,6:59 PM |
| 4.890 | C Stop 10580 SE 82nd Ave Portland – SE Jul 16,3:26 PM |
What state has the cheapest gas prices?
Texas
Which state has the cheapest gas? According to AAA.com, which updates gas prices on a daily basis, Texas has the cheapest gas prices in the country. The average price of a gallon of regular gas costs only $3.761 in Texas.
Where does Oregon get their gas from?
Natural gas supplies enter Oregon by way of interstate pipelines, primarily from western Canada through Washington and from domestically produced natural gas that arrives through Nevada and Idaho. Almost all of the natural gas that enters Oregon continues on to California markets.
Is gasoline cheaper in Washington or Oregon?
According to the survey, the average price in Oregon is now $3.29 a gallon – the state with the fifth most expensive gas prices in the U.S. Washington state has the third most expensive price per gallon, at $3.34.