US Gas Prices Hold Steady Amid Ongoing Global Oil Market Volatility
The national average for regular gasoline slipped one cent to $4.09 per gallon for the week, while the Oregon average ticked up nearly a cent to $4.65 per gallon.
Crude oil prices have been volatile since the conflict with Iran began in late February, and that volatility will continue. Normally, August is a relatively quiet time for pump prices as summer road trips wind down and fall routines begin for many families.
'Crude oil prices have been very volatile since the start of the conflict with Iran in late February, and that will continue,' says Marie Dodds, public affairs director for AAA Oregon/Idaho. 'Relatively high crude oil prices are keeping pump prices elevated.'