Local News

Gas Prices Hit New Highs

BEND, OR -- Drivers face new record highs at the pump this week. "The national average jumps 15 cents in the past week, to $4.52 a gallon. The Oregon average soars 21 cents to $5.06," says AAA's Marie Dodds, "This is the first time ever the Oregon average has been over $5 a gallon." Locally, the Bend average is also $5.06, jumping 20 cents in the past week.

Dodds tells KBND News it’s all because of the cost of crude oil. "That is still elevated. And, in fact, crude prices have climbed in the last week. We are currently around $112 a barrel; and to put that in perspective, a year ago, we were around $60 a barrel." She blames the war in Ukraine, which came on the heels of pandemic-related oil shortages, "You factor in the subtraction of Russian oil from global markets, and you’ve made a tight situation even worse."

 

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