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Lars Larson
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Lars Larson
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Local News


Gas Prices Drift up Nationally but tick lower in Oregon

Concerns of violence in the Middle East put upward pressure on Crude Oil Prices

 

Pump prices are moving up or down a bit, depending on the market, but remain well below last year’s price.  The national average for regular unleaded adds a nickel this week to $3.59 a gallon, while Oregon’s statewide average drops two cents to $3.70.  Last year at this time, the national average was $3.83 and Oregon’s was $4.02.

 

See details in the attached news release.

 

Concerns over possible U.S. intervention in Syria have put upward pressure on crude oil prices.  West Texas Intermediate (WTI) crude oil prices have now settled above $100 per barrel each day since the beginning of July due in large part to violence in Egypt, Libya and Syria.

 

But these increases are not translating into dramatic hikes at the pumps because of decreased demand due to the end of the summer driving season, a calm hurricane season, the impending switch-over to the less expensive winter blends of fuel, and increased domestic oil production.

 

What can consumers expect as we head into September?  And how might any military action in Syria impact crude oil and gas prices? Let me know if you need more info or would like to do an interview.

 

 

Traffic & Weather

 

 

 

King Solomon Lane closed between Ferguson Road and King David. (7/25)

 

Jones Road, full road closure between Bennington Lane and NE Butler Market Road. May 18 – August 18, local access only.
 

Oregon State University off-site improvements for intersection reconstruction, July 11 – August 3,    7 a.m. – 4:30 p.m., at intersection of Chandler Avenue and Yates Drive.

 

Orion Drive closed in two locations for sewer work; at the intersection with Avery Lane and between Desert Woods Drive and King Hezekiah Way.  From July 11 to Sept. 6. Detours marked.

 

Valhalla Sewer Relocation Project, Mt. Washington Drive at Shevlin Park Road intersection and North to Regency Street. Nighttime closures with detours marked during roundabout construction. Daytime closures for construction towards Regency Street.    7 p.m. – 7 a.m., July 11 – November.

 

R.A.B. Construction:

 

Murphy Road and Parrell Road closed with detours. (9/30)

 

Powell Butte Highway at Neff and Alfalfa Market Roads (8/31)

 
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