On May 1st, 2018, the price of oil in Oregon was the highest that is has been since 2014. The price increased to $3.20 per gallon, which was 40 cents more than the national average. It went up 11 cents from the average that was counted in April.
The organization that usually keeps track of these statistics is the AAA of Oregon/Idaho. Its public affairs director, Marie Dodds, estimated that the price of a gallon of gas in Oregon would go up 5 to 15 cents through Memorial Day.
The summer driving season usually starts on Memorial Day. From then on out, the price of gas will most likely stabilize. However, it is very possible that the price of gas could spike once more, due to various current events in the world, as well as demand. It is actually quite normal for oil prices to climb up just before Memorial Day.
Prices of gas go up for a variety of reasons. One reason is because of the fact that gas stations usually sell more expensive gas that is mixed a certain way so that it does not evaporate as much in the summertime. Federal laws state that gas stations must change over to this by July 1st.
Gas prices generally tend to be higher on the West Coast. Out of the ten states with the highest gas prices, 6 are along the West Coast. The entire naion has seen more demand for gas, which has contributed to higher prices.
Another reason for why gas prices are increasing is the fact that certain speculations are made about what President Donald Trump’s administration will do when it comes Iran. The assumption that he will take a hardline stance and set sanctions on Iran has made oil prices go up.
This month, California had the most expensive gas. Second to California was Hawaii. For the third week in a row, the state of Oregon has been in 6th place when it comes having the most expensive gas in the United States.