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Jul-18-2006 17:50printcomments

Gasoline Prices Remain Stable Despite Record High Crude Costs

Crude hit $79 last week. The national average jumped very slightly, while Oregon's fell. The record high oil prices probably will be felt soon, especially if the Lebanon-Israel conflict spreads to Iran.

gas pump
Prices have jumped substantially since this shot was taken a little over a year ago
Photo courtesy:

(SALEM) - Gasoline pricing this past week might be described as confusing at best. Gasoline prices held steady across the United States with the current national average for a gallon of regular up by less than a penny to $2.98. Oregon's statewide average actually backed off slightly to $2.97.

Salem area drivers are paying $2.94 for a gallon of regular. The Portland metropolitan area average price fell by almost 2-cents per gallon, while in Eugene-Springfield it went up by almost 2-cents. "Following a week of record high crude oil prices, which topped out at more than $79 per barrel, pump prices were expected to spike upward," said AAA Oregon Public Affairs Director Elliott Eki. "Obviously that hasn't happened, but consumers should expect to see some impact at the pumps in coming weeks if not sooner." Much of the increase in the price of crude is blamed on the conflict in the Middle East. Israel and Lebanon are not oil supplying nations, but some oil markets fear the conflict will spread to Iran, the 2nd largest oil producing nation in the world. If that occurs, oil production and delivery could be affected significantly.

Although the U.S. does not purchase oil from Iran, any production disruption there will have global impact as dependent nations seek other sources of the much-needed commodity. Portland motorists are seeing an average price of $2.91 a gallon; Eugene/Springfield’s average is $3.00 for regular, Medford/Ashland drivers are paying $3.00 at the pump, and Vancouver, Washington motorists are serving it themselves for an average of $2.95 per gallon for regular.

At $2.97, Oregon’s average gasoline price ranks 21st highest in the nation. Hawaii has the highest statewide average price at $3.37. California’s dipped to $3.25; Nevada’s is up to $3.04; Washington’s fell to $3.06, and Idaho’s inched up to $2.90. South Carolina has the lowest statewide average price at $2.78.

The national average diesel price remains at $2.99 per gallon. In California, diesel averages $3.26 per gallon; in Washington, it’s up to $3.13; in Idaho, it's $3.04; in Nevada, it's $3.06; and in Oregon, it's $3.05.


Internal Comments are Closed on this story.

The Truth July 20, 2006 12:39 pm (Pacific time)

Satara, We need more people like you. You are assertive. See Loose Change 9/11 at American Free Press or Free Press International. It's time for a revolution, you know it's true. Martial Law will start in poorest section of the cities first. Then the white middle class catches on late but better than never. They are always so behind...blind patriotism without fact or knowledge...jingoism.

Satara July 20, 2006 9:47 am (Pacific time)

Gas in South Haven,Michigan is 3.09-3.29 a gallon. How do they expect people to pay bills and pay these crazy gas prices. Anything under 2.99 is better than over 3.00. I will ride a bike or walk before I pay over 2.99 a gallon.

The Truth July 18, 2006 8:41 pm (Pacific time)

During the Arab Oil Embargo (Boycott) because we sent troops to Israel, an electric car was invented which could have taken the place of fossil fuel cars. The big oil companies bought out the patent and destroyed every car by crushing them. This as my grandfather would say is the land of the free; free crooks and bums. There is no United States, there never was, we went from colonies with slaves and indentured servants to slaves, to share croppers, to the global bankers dream (the Federal Reserve) a private corporation superior to the U.S. government back to all Americans being slaves of multinationals. It was all a lie and an illusion. There never was an America.....just a myth.

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Sean Flynn was a photojournalist in Vietnam, taken captive in 1970 in Cambodia and never seen again.