Bad economy means cheap gas

Falling crude oil prices are the reason for the lower gas prices in Oregon this past week.

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Gas prices in Oregon this past week fell six cents to $2.78 per gallon.

The reason? Bad economic news that has pushed crude prices down to about $69 per barrel, said Marie Dodds, AAA Oregon public affairs director.

“We continue to be in the pattern where positive economic news sends crude oil prices higher, and negative news has the opposite effect,” Dodds said. “Barring any unforeseen events, the lackluster economic news and the seasonal drop in demand for gasoline should help keep prices creeping lower over the next few weeks.”

Read the full story at the Portland Tribune.

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