Regional News

Gas Price Increases Slow

(Portland, OR) -- The pace of gas price increases is slowing, but it's still going up. Triple-A reports over the last week, the national average increased 11 cents to $3.92 a gallon. Oregon's average increased six cents to $5.52. Oregon went from having the fifth-largest weekly jump for a state last week to the 41st largest increase this week. Crude oil prices surged after OPEC announced a production cut back but decreasing demand due to a possible recession is helping to offset the reduced supply.

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