Oregon Gas Prices: Everything You Need To Know
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Whether you live in a state or you’re traveling through it, gas is a critical part of how you get to where you’re going. The price of this product is different in every state thanks to many factors. What are the things you should know about Oregon gas prices? How does it compare to other states, and what will it look like for the rest of the year?
You’ve come to the right place to learn about Oregon gas prices! Read on to learn more about gas prices in the state of Oregon, from the average cost of fossil fuel in the state to gas predictions for the rest of this year. Understanding this price point can help you determine how you move through the area. There’s a lot to cover, so let’s get started!
What Is the Average Oregon Gas Price?
According to thatoregonlife.com, the most recent average price for Oregon gas as of February 2022 was about $3.79. This cost places Oregon on the higher end when viewing other states.
This price is the starting point for gas in Oregon for 2022. In previous years, according to eia.gov, the average gas prices have been the following:
- 2020: $2.70
- 2019: $2.00
- 2018: $2.30
- 2017: $1.80
- 2016: $1.60
- 2015: $2.30
The average price this year is pretty high compared to other yearly averages.
Gas prices have continued to go up over the years in Oregon. Although it’s still affordable compared to its neighboring state, California, gas still isn’t cheap in this state. If you don’t have an abundance of cash to spend on gas, keep this in mind as you travel through the state.
Oregon is not the most expensive place to purchase gas in the state, but it’s nowhere close to being the cheapest. How do other states compare to this west coast location? Let’s talk about this comparison next.
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How Do Oregon Gas Prices Compare to Other States?
Oregon is just one of fifty states in the United States of America. Each state has its standard for gas and an average gas price they hold. How do Oregon gas prices compare to the other states? Whether you’re moving or traveling, this factor can be critical to your next movement in the country.
Let’s take a look at some of a few of the other state gas prices compared to Oregon, according to gasprices.aaa.com:
- Oregon: $3.79
- Alaska: $3.80
- Alabama: $3.20
- California: $4.70
- Connecticut: $3.60
- Florida: $3.50
- Hawaii: $4.40
- Idaho: $3.50
- Illinois: $3.60
- Louisiana: $3.20
- Montana: $3.10
- North Carolina: $3.20
- Nebraska: $3.20
- New Jersey: $3.50
- Ohio: $3.30
- Texas: $3.11
- Utah: $3.40
- Washington: $3.90
Washington is on the higher end of the spectrum, but it’s much lower than the states with the highest gas prices.
Out of the eighteen states mentioned on this list, two areas are higher in average than Oregon. One is about the same - the neighboring area of Washington. Because Oregon is on the West Coast, its prices are higher. However, it’s low when compared to states like California and Hawaii.
Most other states fall about $0.30-$0.40 lower than Oregon in price. According to bankrate.com, the current national average for gas prices is about $3.35. The cost of fuel in Oregon is about $0.44 over the average. You can expect to spend more annually on gas as an Oregon occupant than you would as a native of Montana.
What Impacts Oregon Gas Prices?
Why are gas prices so high in Oregon? Is there a reason for this price? Although there’s nothing specific we can point to as a reason for the gas prices in Oregon, there are a few factors that likely have influenced the cost of fossil fuel.
According to investopedia.com, here are a few of the factors that might influence Oregon gas prices:
- Supply: How much gas is available in the world?
- Demand: How many people in the area need gas?
- Inflation: How has the cost of items risen?
- Taxes: What do the taxes look like in the state?
These are prominent players in the cost of taxes in a state.
Gas rates are different in each state due to the varying taxes the area has in place. Oregon has higher tax rates than other places in the country and has a decent demand, so you can expect the prices to be a bit higher than states with fewer taxes and fees.
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Oregon Gas Price Predictions for 2022
The average gas price for Oregon is $3.79. What does the rest of the year look like for the state? Are Oregon gas prices expected to go up or sink to the floor in the upcoming months?
According to eia.gov, gas prices are expected to fall overall in 2022. It’s predicted to peak at the beginning of the year, then head down on a slow decline that will continue into 2023. It won’t be a drastic shift, but it will be a shift nonetheless.
As the national average falls, likely, Oregon’s price will too. It seems that the upcoming year will bring more affordable fuel to the state, at least as of right now. Anything can make the price of gas shift, and it can be unexpected.
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Conclusion
We’ve covered a lot together. Oregon gas prices are one of the higher options in the state, but they’re still lower than California or Hawaii. These prices are influenced by taxes and inflation, as well as supply and demand. It all depends on what’s going on in the world.
Hopefully, this information was helpful! There’s a lot to understand about Oregon gas prices. If you’re visiting, knowing this can help you know how much to anticipate paying during your trip. If you’re thinking about moving, this cost can help you decide if Oregon is affordable. It’s a wonderful state with gas slightly above the national average.
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