Gas prices at 6 year low _ mycentraloregon. com

Portland, Ore. How much does gas cost per month for one person – Drivers in the U.S. Compare gas prices by state are paying the lowest average gas prices in nearly six years, and the national average is likely to slide below $2 per gallon before the end of the month, AAA Oregon/Idaho reported Tuesday.

For the week, the national average slips six cents to $2.05 per gallon. Average gas cost The Oregon average falls nine cents, to $2.23 a gallon. Gas mileage calculator cost Both averages are at their lowest prices since April 2009, said AAA Oregon/Idaho Public Affairs Director Marie Dodds.

“AAA expects the national average to remain below $3 per gallon in 2015, barring any major fluctuations in the global price of crude oil,” she added.

Pump prices are directly connected to the global price of crude oil, with crude costs accounting for more than half of the price of gasoline.

Like pump prices, crude oil prices have also posted multi-year lows due to global supply outpacing demand, which has kept downward pressure on the price of crude and ultimately meant hefty discounts in retail gasoline for U.S. Travel calculator gas and tolls drivers.

Since last June.

Gas vs electric furnace cost calculator West Texas Intermediate crude has lost more than half of its value, falling from $107 to below $50 per barrel.

Retail averages across the country continued to march lower over the past seven days, with consumers in Wyoming (-13 cents), Connecticut (-12 cents) and Washington (-12 cents) experiencing the largest weekly savings.

Averages are down in 48 states and Washington, D.C. Estimate gas cost travel week-over-week, with 38 states and Washington, D.C. Gas cost estimator for road trip registering savings of a nickel or more per gallon. Google maps estimated fuel cost mpg The only states to buck this trend are the Midwestern states of Ohio (+2 cents) and Minnesota (+2 cents) where prices have risen slightly versus this time last week.

The national average has dropped a record 117 consecutive days, for a total a savings of $1.29 per gallon during this stretch. Gas chromatography mass spectrometry advantages and disadvantages The Oregon’s average has declined for 56 days in a row, falling 82 cents during this time.

Drivers in 25 states are paying averages below $2 per gallon; up 18 from one week ago. Estimate cost of gas for uhaul For the second week in a row the mid-continent region features the nation’s least expensive states for retail gasoline, led by: Missouri ($1.76) and Oklahoma ($1.80).

Hawaii ($3.31) remains the only state with an average above $3 per gallon, and is joined by Alaska ($2.82) and New York ($2.50) as the nation’s only states posting averages at or above $2.50 per gallon.

Monthly and yearly comparisons continue to reflect that U.S. Costco gas station hours tucson az motorists are universally experiencing savings at the pump. Cost of gas in chicago The largest month-over-month discounts are seen in the Mountain States of Utah (-60 cents), Wyoming (-56 cents) and Idaho (-54 cents). Gas prices per state 2014 Oregon is one of 47 states and Washington, D.C. Average cost of gas per month uk where gas prices are at least a quarter lower than a month ago.

Drivers in 48 states, including Oregon, and Washington, D.C. Travel estimate gas costs are saving more than $1 per gallon compared to a year ago, while only the nation’s most expensive markets Hawaii (-69 cents) and Alaska (-83 cents) are outside of this trend. Gas cost calculator aaa The steepest declines are in Illinois (-$1.37) and Michigan (-$1.36).

While increased seasonal demand and maintenance at refineries may result in a typical 30- to 50-cent increase in pump prices this spring, a major global price recovery is unlikely to be the horizon, absent any major market disruptions or geopolitical events.

These sustained lower prices would be a result of projected shifts in the balance between global oil supply and demand. Cost of gas per mile 2014 This shift has been keyed by increased crude oil production in the United States and Canada and was accelerated by OPEC’s decision this fall to sustain production levels despite declines in the price of crude by electing to allow the market to self-regulate.

By not continuing its traditional role as a market stabilizer and adjusting production to sustain higher prices, OPEC has put pressure on high-cost, oil-production countries such as the United States and Canada. How much gas will it cost me to drive Both countries are reportedly starting to respond by easing domestic production forecasts and trimming operations and administrative costs.

Crude prices are less than half of what they were six months ago, and sustained low prices will also continue to test the resiliency of countries that rely on oil revenue to fund government services.

The spread between Brent Crude and WTI continues to narrow, and stood at $1.48 a barrel at the close of formal trading on Friday. Calculate gas cost to drive canada Less than one year ago WTI was trading at discount of $10 per barrel and the last time Brent fell below WTI was in 2010.

At the close of Friday’s formal trading on the NYMEX, WTI closed up $2.44 (+5.01 percent) to $48.69 per barrel. Cost gasoline history Today WTI is trading around $46 a barrel, compared to $45 a week ago. Fuel cost calculator uk diesel Crude prices are down about 16 percent over the last month and are about $45 lower than a year ago.

For the 11th week in a row, there are no states with an average price for regular unleaded at or above $4 a gallon. Car fuel cost comparison calculator Forty-nine states and Washington D.C. Calculate gas price for trip have averages below $3 per gallon, same as last week. How much gas does it cost to drive Twenty-five states are below $2 a gallon, up from 18 a week ago.

Hawaii has the most expensive gas in the country for the 117th consecutive week at $3.31, followed by Alaska at $2.82, New York at $2.50, California at $2.50 (down eight cents and fourth for the fourth week in a row), and the District of Columbia at $2.45. Cost gas fireplace inserts installed Washington is 10th down from ninth last week at $2.24 (down 11 cents). Gas prices canada per gallon Oregon is 11th for the second consecutive week at $2.23 (down 11 cents). Average fuel cost 2014 financial year Idaho is 46th down from 43rd last week at $1.89 (down six cents). How much would gas cost to drive 2500 miles Missouri has the cheapest gas in the nation for the ninth week in a row at $1.76 a gallon (same as last week).

Diesel prices are also falling and both the national and Oregon averages are less than $3 a gallon. Gas cost per trip calculator The national average loses a dime to $2.89 a gallon. Average jet fuel cost per gallon Oregon’s average plunges 12 cents to $2.74.

Diesel is at or above $4 a gallon in just one state, same as last week. Costco gas prices merrillville indiana Hawaii is most expensive at $4.62, followed by New York at $3.36, Alaska at $3.29, Connecticut at $3.27 and the District of Columbia at $3.20. Gas trip cost estimator California is ninth up from 10th at $3.05 (down a dime). Cost gas trip Washington is 28th down from 23rd last week at $2.87 (down 12 cents). Round trip gas cost Idaho is 32nd down from 31st last week at $2.85 (down nine cents). Cheapest gas in midland texas Oregon is 41st down from 38th last week. Cheap gas fire inserts A year ago, the national average for diesel was $3.85 and Oregon’s was $3.87.

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