Gas Prices Decline Slowly

MEDFORD, Ore. – Gas prices across Oregon are declining, but they are still the highest they ever have been for this time of year.

Oregon’s average lost 5-cents recently, dropping the average to $3.96 a gallon. This is the first time in five weeks that Oregon’s average has been below $4.00 a gallon. The national average sits around $3.81.

In AAA’s weekly statement on gas prices, they said pump prices have begun to decrease following the end of the summer driving season, the resolution of regional supply and distribution issues, and the end of summer-blend gasoline specifications.

AAA said the national average for regular unleaded reached its year-to-date peak price of $3.94 on April 5 and 6. The price then decreased to its summer low of $3.33 on July 2. It peaked most recently at $3.87 on September 14. Historically, AAA said gas prices tend to fall from September through Christmas.