Oil Prices Hold, But China Could Change That

Oil prices have held steady over the past couple of weeks, but that trend could change in the coming days, thanks to trade issues with China. Patrick DeHaan with GasBuddy.com said a trade war with China is bad news for the American economy, and will impact what we pay at the pump.

“And that’s why oil prices would move lower. The concern is the economy would slow down and petroleum demand would decline, but good relations with China are likely bullish for crude oil, meaning a stronger U.S. economy and higher demand.”

If you remove the China/trade wildcard, DeHaan says fuel prices are expected to slightly increase in the coming months. He said motors can expect to pay more than what we paid this time last year. The National average for a gallon of diesel currently is $2.97, a one cent increase from last week, while Washington’s price for diesel comes in at $3.29, up four cents in the past week, Oregon’s average increased three cents in the past week to $3.18 a gallon.

As far as the lowest local prices we could find: