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Ore. average gas price over $3, 5th in nation

Associated Press

Posted on August 18, 2010 at 8:02 AM

Updated Wednesday, Aug 18 at 8:02 AM

PORTLAND, Ore. (AP) — The price of gas in Oregon has pushed the state into the top five nationally, with a gallon of regular still averaging more than $3 as prices ease elsewhere in the country.

The statewide average of $3.03 per gallon this week kept Oregon gas prices at their highest levels since October 2008 as the national average dropped 4 cents to $2.74.

The Oregon-Idaho chapter of AAA said neighboring Washington state was ranked No. 4, just ahead of Oregon, for gas prices.

Crude oil was trading around $76 per barrel after coming down from three-month highs above $80 a barrel, sending pump prices down in many markets.

AAA officials say that, despite the recent increases, Oregonians have enjoyed fairly stable gas prices this summer.

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