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Local gas prices continue to rise

Despite the trend, gas prices are still 23.6 cents per gallon lower than a year ago.

Posted: Feb 1, 2021 7:28 AM

EUGENE, Ore. -- Gas prices continue to rise in Eugene - averaging $2.65 per gallon Monday, according to GasBuddy.

The average price is 1.2 cents higher than a week ago, 16.1 cents per gallon higher than a month ago, and 23.6 cents per gallon lower than a year ago.

"Gas price increases continue to slow down as oil prices fail to continue moving upward, even as gasoline demand continues to show new signs of improving recovery," said Patrick De Haan, head of petroleum analysis for GasBuddy. "The rise in gasoline demand has certainly been behind oil's rally in the last few months, as COVID restrictions continue to ease and the economy slowly continues recovery. While the next few weeks may see gas prices rising slightly, the real pinch could come in March and lasting through summer, should demand continue on this path."

The national average price of gasoline has risen 1.9 cents per gallon in the last week, averaging $2.42 per gallon today. The national average is up 17.4 cents per gallon from a month ago and stands 5.5 cents per gallon lower than a year ago.

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