Gas Prices Drop as Demand Falls to Two-Year Low

Demand for gas in the U.S. has fallen to the lowest level since February of 2017 — driving down prices as well, according to AAA.

Posted: Jan 8, 2019 2:19 PM

MEDFORD, Ore. — There is no time like the present to fill up your tank, according to the latest numbers from AAA. Demand for gasoline in the U.S. is falling, and with it goes prices at the pump.

"Demand for gasoline in the U.S. has fallen to the lowest level since February 2017, sending pump prices lower," said Marie Dodds, Director of Government and Public Affairs for AAA Oregon.

This week, AAA said that the national average for regular gasoline fell three cents to $2.23 a gallon. As per usual, Oregon prices are quite a bit higher — but they are falling nonetheless. The average for Oregon fell three cents to $2.91.

“AAA believes gas prices in 2019 will be a bit lower than in 2018, barring unforeseen events, and pump prices will be the least expensive at the start and end of this year,” said Dodds. “The national average could peak around $2.75, with Oregon and other western states climbing above $3 a gallon again this year.”

According to the company's data, the Medford/Ashland area already boasts lower gas prices this year than it did in 2018 — with prices down to an average of $2.864 over $2.887 recorded at this time last year.

The West Coast currently has some of the highest gas prices in the nation, led by California, Hawaii, and Washington.

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