Gas prices are easing ahead of the 4th of July holiday. Oregon and most other states are seeing pump prices decline, driven by falling crude oil prices. Crude prices spiked in mid-June in response to the strikes between Israel and Iran, and the U.S. attack on Iran’s nuclear facilities. But crude prices plummeted last week and are back to what they were before the strikes. The declines in gas prices come as AAA projects record travel for Independence Day. For the week, the national average for regular loses five cents to $3.18 a gallon. The Oregon average falls three cents to $4.04 a gallon.
“Pump prices should continue to move lower as millions of drivers hit the road for the 4th of July, if Middle East tensions don’t flare up again,” says Marie Dodds, public affairs director for AAA Oregon/Idaho. “AAA expects that road travel will set a new record over the holiday. Drivers will find gas prices less than or similar to last year, depending on the region. The national average is less than last year, while the Oregon average is about the same. Drivers are getting a big break from 2022 when gas prices were at record highs for the holiday.”
AAA expects record-breaking travel for the 4th of July holiday, with 72.2 million Americans including 875,000 Oregonians going 50 miles or more from home over the holiday travel period. This is an increase of 1.7 million travelers (2.4%) compared to last year and 7 million more (10.7%) from 2019. Car and air travel volumes will break records. Find all the info plus graphics, top destinations, and advice for travelers in the AAA Independence Day travel news release.
The Oregon average for regular gas began 2025 at $3.45 a gallon and is currently at $4.04. The highest price of the year so far is $4.076 on June 24 and 25. The lowest price of the year so far is just under $3.45 a gallon on January 2.
