The Oregon average for regular unleaded falls to its lowest point of 2012, dropping below the year’s previous low price which was $3.38 on Jan.2nd. The Oregon average falls six cents this week to $3.37, while the national average loses a nickel to $3.33. AAA Oregon/Idaho Public Affairs Director Marie Dodds says, “For the third week in a row, Oregon’s average for regular unleaded is just a few cents more than the national average. Earlier this fall, the Oregon average was as much as 30 cents a gallon more than the national average.” “Oregon’s current price of $3.37 is a dime per gallon lower than it was a year ago at $3.47. But the current national average of $3.33 is a nickel more than it was a year ago at $3.28 and continues the streak of daily record prices for the calendar day that began on August 20,” adds Dodds.
AAA continues to predict that the national average for regular unleaded will slowly drop through the end of the year, barring unforeseen events, and average between $3.20 and $3.40 a gallon by New Year’s Day. To date, the lowest daily average of 2012 is $3.271 a gallon on Jan. 1. In Oregon, AAA believes the state average will also be in the $3.20 to $3.40 range by New Year’s Day. “However, there’s always the possibility that pump prices could rise or remain flat as a result of rising oil prices and other economic factors,” Dodds says.