Oregon gas prices going down, down, down

Oregon gas prices going down, down, down

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Story Published: Oct 7, 2008 at 10:46 AM PST

Story Updated: Nov 21, 2008 at 2:28 AM PST

By Associated Press

PORTLAND, Ore. (AP) - Like the stock market, gasoline prices are going down.

The average price for regular gas in Oregon has dropped 9 cents, to $3.49 a gallon - a penny more than the national average of $3.48.

The weekly decline marks the lowest point for both the state and the country since mid-April.

Crude oil fell to its lowest point in eight months this week, closing near $88 per barrel Monday - about 40 percent lower than the record high of $147 set on July 11.

AAA Oregon predicts pump prices will continue to drop to a national average around $3 a gallon before Thanksgiving.

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