OPEC Infighting and Coronavirus Concerns Cause Oil Prices to Plummet

Crude oil dropped below $30/barrel on Sunday for the first time since 2016 BOISE – (March 9, 2020) – With global crude oil prices already reeling from decreased demand due to the spread of coronavirus, the Organization of the Petroleum Exporting Countries (OPEC) and other major crude producers failed to agree on additional production cuts …

Oregon, West Coast States Enjoy Biggest Weekly Drops in Gas Prices

PORTLAND, Ore., – Oregon drivers are enjoying gas prices that are falling more quickly than in other states. For the week, the national average for regular slips two cents to $2.57 a gallon. The Oregon average drops six cents to $3.12. This is the fourth-largest weekly decline in the nation. Oregon also has the second-largest …

Minimal Movement in Gas Prices Following Thanksgiving Holiday Weekend

Oregon and other West Coast states enjoy largest declines PORTLAND, Ore., – Pump prices are showing little movement following the Thanksgiving holiday weekend. More than half of the states, including Oregon, are seeing prices tick down. For the week, the national average remains at $2.59 a gallon. The Oregon average dips three cents to $3.18. …