Gas Prices Slip due to Plummeting Demand Wildfires, switch to winter-blend fuels push pump prices lower

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PORTLAND, Ore., – Demand for gasoline in the U.S. is down for the second week in a row and has fallen to the lowest level since mid-June. Declining demand due to wildfires and other factors as well as the switchover to winter-blend fuel are putting downward pressure on pump prices.

For the week, the national average loses three cents to $2.19 a gallon. The Oregon average slips a penny to $2.65.

Find details and graphics in the news release.

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Oregons Jobless Rate 5.2%

Oregon’s unemployment rate was 5.2% in both November and December. The U.S. unemployment rate was 4.5% in November and 4.4% in December. In December, Oregon’s seasonally adjusted nonfarm payroll employment dropped by 2,200 jobs, following a gain