Weekly News via Email
   Set as homepage | Add to favorites | Customer Service | Subscribe Now | Place an Ad | Contact Us | Sitemap Friday, 10.24.2014
Classifieds
News Archive
Su Mo Tu We Th Fr Sa
 1  2
 3  4  5  6  7  8  9
 10  11  12  13  14  15  16
 17  18  19  20  21  22  23
 24  25  26  27  28  29  30
Online Extras
Site Services
Around Bend
Outdoor Fun
Travel Info
Shop Local




Members Of



Poll: Today's Live Poll
Email to a friend | Print this | PDF version | Comments (0 posted) 
  Blogger |   del.icio.us |   digg |   newsvine

Jun 22,2007
As price of gas falls, crude oil lingers near $70 per barrel
by Bend Weekly News Sources

In the past month, the national average price for a gallon of regular gasoline dropped by almost 18-cents to slightly above $3.  In Oregon, the average price plummeted by 29-cents in the same time period to the current statewide average price of $3.12, narrowing the gap between the statewide and national average prices. 

Even as the cost of gasoline continues to retreat, the price of crude oil hit $70 per barrel on Monday—the highest it's been since September 2006—then fell back to less than $69 on Tuesday.  According to Tom Kloza, senior analyst at the Oil Price Information Service, the primary force behind the cost of crude oil is the strong global price of fuel.  Yet, he forecasts that U.S. average gasoline prices during the up-coming 4th of July holiday will be lower than motorists paid during the Memorial Day weekend.  At that time, the Oregon statewide average price for regular gasoline was $3.39, compared to the $3.23 national average price.

How much further gasoline prices will decline is difficult to forecast.  Last week, the U.S. Energy Department reported that gasoline stockpiles and refinery output showed no increase from the previous week.  If this week's inventory reports show the industry output is slipping behind demand, after growing for the past three weeks, pump prices probably will level off.  If the fuel supplies show growth, then prices likely will continue to recede. 

 

At $3.12, Oregon's average gasoline price falls to 16th highest in the nation. Hawaii has the nation's highest statewide average price at $3.41, followed by California and New Mexico at $3.23.  Washington's average price is down to $3.16, Idaho's is $3.21 and Nevada's is $3.19.  Nationwide, 27 states have average prices below $3, with South Carolina the lowest at $2.81.  The national average diesel price held steady at $2.89 per gallon.  In California, diesel averages $3.16 per gallon; in Washington it's $3.01; in Idaho, it's down to $2.92 and in Nevada it's $3.05.  Oregon's average diesel price fell to $2.88.

1552 times read

Related news
Fuel prices continue to climb by Bend_Weekly_News_Sources posted on Feb 23,2007

US gas prices soar; Oregon holds steady by Bend_Weekly_News_Sources posted on May 25,2007

National gas price chasing record high; Oregon tops record high by Bend_Weekly_News_Sources posted on May 11,2007

Gas prices going down, down… by Bend_Weekly_News_Sources posted on Jun 15,2007

Oregon gas prices on the retreat by Bend_Weekly_News_Sources posted on Jun 08,2007

Did you enjoy this article? Rating: 5.00Rating: 5.00Rating: 5.00Rating: 5.00Rating: 5.00 (total 29 votes)

Market Information
Breaking News
Most Popular
Most Commented
Featured Columnist
Horoscope Guide
Aquarius Aquarius Libra Libra
Aries Aries Pisces Pisces
Cancer Cancer Sagittarius Sagittarius
Capricorn Capricorn Scorpio Scorpio
Gemini Gemini Taurus Taurus
Leo Leo Virgo Virgo
Local Attractions
Bend Visitors & Convention Bureau
Bend Visitors & Convention Bureau

Mt. Bachelor Resort
Mt. Bachelor Resort

Les Schwab Ampitheater
Les Schwab Ampitheater

Deschutes County Fairgrounds
Deschutes County
Fairgrounds

Tower Theatre
Tower Theatre

The High Desert Museum

Advertisements



Deschutes County

Google  
  Web    BendWeekly.com
© 2006 Bend Weekly News
A .Com Endeavors, Inc. Company.
All Rights Reserved. Terms under
which this service is provided to you.
Please read our Privacy Policy. Contact us.
Bend Weekly News & Event Guide Online
   Save the Net
Advertisement
External sites open in new window,
not endorsed by BendWeekly.com
Subscribe in NewsGator Online
Add to Google Add to MSN Add to My AOL
What are RSS headlines?