EUGENE, Ore. — Oregon is still the fourth most expensive in the nation when it comes to gas prices, but AAA predicts that gas prices in the Northwest could sink by the end of this month.
AAA says now that the West Coast refineries are all in ship shape again, wholesale gas prices are dropping significantly.
Some analysts say we could see gas prices fall as much as 20 cents per gallon by the end of June.
“The West Coast seems to be able to get their supply back again. I would anticipate that probably within the near future, maybe four or five days within a week, you’ll start to see the street prices really start coming down,” said Jeffery Vogel, owner of Low Price Gas.
Vogel adds that even if the prices were to recede by a whole dollar, he thinks the amount that consumers pay for gas is outrageous.
Oregon’s average for gasoline sits at about $4.23 a gallon.
Right now the average gas price in Eugene is about $4.16 a gallon. That’s down more than 15 cents since last week.
Experts say consumers will have to wait it out to see if their predictions prevail.