Oregon Gas Prices Decline Amid Global Geopolitical Tensions

The national average price for regular gas has reached an all-time high of $4.48 per gallon, while Oregon's average price is at its highest ever for this time of year at $5.10 a gallon.

Crude oil prices have dropped below $100 per barrel on hopes of renewed diplomacy in the Middle East, but remain significantly higher than before the conflict began.

The war between Russia and Ukraine continues to put upward pressure on crude oil prices, as Ukrainian drone strikes have taken a significant amount of Russia's refining capacity offline.

Oregon is one of only five states seeing a tiny week-over-week decline in the average price of gas, with prices here having been steadily increasing since mid-July.